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EU includes in its final priority list two Snam's projects

Reuters
·1-min read
FILE PHOTO: European Union flags fly outside theÊEuropean Commission headquarters in Brussels

MILAN (Reuters) - The European Commission has put two initiatives involving Italy's Snam on its final list of priority projects (PCI), the gas grid operator said on Monday.

The two projects, which were included in a preliminary list in November, will benefit from accelerated approval and implementation procedures and, under certain conditions, can access to European funding from the so-called 'Connecting Europe Facility'.

The two projects involving Snam are a pipeline to bring hydrogen from Italy to Austria and Germany and a system to liquefy, transport and store carbon dioxide (CO2) in the Adriatic Sea. Italy's Eni is cooperating on the CO2 initiative.

(Reporting by Francesca Landini, editing by Gianluca Semeraro)