Italian Gas Company keen to invest in Pakistan: Andreas

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Islamabad

The Italian leading energy and gas company, Snam S.p.A, has shown keen interest to invest in country’s power sector, Ambassador of Italy to Pakistan Andreas Ferrarese said.

Talking to APP here on Tuesday, the Ambassador said that the company plans to visit the country in near future and join those Italian companies which already have an investment or around $ 1.5 billion in the country’s energy sector.

The Ambassador informed that Snam S.p.A is an Italian energy infrastructure company, who want to bring investment in energy sector including compressed natural gas (CNG) and Liquefied Natural Gas (LNG) to enhance the local capacity in this sector.

He said that Snam have a market capitalization of €15.4 billion originally a subsidiary of Italian energy company Eni.

He informed that Snam is one of Europe’s main regulated gas companies, leading Italy in gas transport and storage, while ranking third inregasification.

The ambassador said that Italy was committed to extend the cooperation of a diverse potential sector to enhance the bilateral economic and cooperation between Pakistan and Italy.

Andreas Ferrarese said that green economy, transfer of technology for industrial sector including textiles and agro industry, construction sector, education and health are major areas of focus to extend the bilateral cooperation.

The ambassador said through green economy, Italy wanted to cooperate with Pakistan for environment protection, circular economy, resource saving and management, ecosystem protection and recovery, water conservation and natural disaster prevention.—APP

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