Snam, one of Europe’s leading gas infrastructure companies, and Gas Transmission System Operator of Ukraine (GTSOU), operator of Ukraine’s gas transmission system transporting natural gas to consumers in Ukraine and in countries of the European Union, have signed a Memorandum of Cooperation aiming at strengthening the collaboration between the Ukrainian and Italian gas markets, in view of enhancing energy security, regional integration, and long-term sustainability.

The Memorandum of Cooperation was signed in Rome by Agostino Scornajenchi, Snam CEO, and Vladyslav Medvediev, acting CEO of GTSOU, at the sidelines of the fourth Ukraine Recovery Conference dedicated to the swift recovery and long-term reconstruction of Ukraine.

The main areas of cooperation focus on the analysis of the prospects for liquefied natural gas (LNG) and pipeline gas transportation between the two countries, including the potential utilization of Ukrainian gas storage facilities, the establishment of a platform for cooperation in network maintenance, and the creation of a research platform for the transportation of renewable gases.

About Snam

Snam is Europe’s leading operator in natural gas transport, with a network of approximately 38,000 km in Italy and abroad. The company also deals with storage, of which it holds more than 17% of the European capacity, and regasification, with 13.5 billion cubic meters of gas per year that will rise to 18.5 billion cubic meters to 2025 thanks to the plant in Ravenna. Its medium-long term ambition is to develop and consolidate a system of energy infrastructure for a sustainable future, positioning itself as a multi-molecule operator at national and european level, focusing on innovation and enhancing the role of gas as a transition vector. Snam is among the leading Italian listed companies by market capitalisation.