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Snam CEO welcomes EU clearance of deal over Italy's biggest LNG terminal
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Snam CEO welcomes EU clearance of deal over Italy's biggest LNG terminal
Nov 5, 2024 8:12 PM

MILAN, Nov 5 (Reuters) - The chief executive of Italy's

Snam welcomed on Tuesday the clearance from the EU

Commission of a deal regarding Italy's biggest liquefied natural

gas (LNG) terminal, Adriatic LNG.

Earlier this year energy storage group VTTI agreed to buy a

70% stake in Adriatic LNG, with grid operator Snam increasing

its stake to 30% as ExxonMobil ( XOM ) and QatarEnergy sold

their shareholding in the infrastructure.

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