Last price

Italgas becomes a shareholder of the Californian company Picarro Inc.

Milano (Italia), Santa Clara (California-USA), 2 March 2022 – Italgas strengthened its partnership with Picarro Inc. through the acquisition of a minority share of the US company, a leading technology start-up in the field of sensors applied to the monitoring of gas distribution networks, as well as in technologies designed for those sectors requiring extremely sensitive measurements, such as environmental measurements of the concentration of Hazardous Air Pollutants and the electronics industry for the detection of impurities in semiconductor foundries.

The equity investment was acquired for a cash payment of 15 million dollars.

Its shareholding in Picarro as the sole industrial partner (the other shareholders are founders and venture capital funds), will allow Italgas – through Mr. Paolo Gallo joining the Picarro’s Board of Directors – to contribute to the further development of the technology for the fugitive methane emissions abatement, now at the heart of European decarbonisation objectives.

Italgas, indeed, expects to reduce its greenhouse gas emissions by 30% by 2027, also thanks to the increasingly widespread use of Picarro technology, which has already shown significant advantages in terms of speed of execution of monitoring activities, accuracy of measurements and size of the areas monitored. By strengthening this partnership, Italgas confirms its commitment to reducing fugitive methane emissions, also by promoting the diffusion of CRDS (Cavity Ring-Down Spectroscopy) technology developed by Picarro to other gas distribution operators, that look to Italgas as a global benchmark for technological and digital innovation.

“Technological innovation and digital transformation – said Paolo Gallo, CEO of Italgas – are the main levers of our path to growth and decarbonisation of the economy. With this transaction, we are strengthening a strategic partnership that in recent years has enabled us to improve the effectiveness and efficiency of the monitoring of our 74,000 kilometres of networks in Italy. With Picarro, we will support the decarbonisation of our sector even more significantly, by measuring and thus reducing greenhouse gas emissions, in line with the targets set by the EU”.

“As the natural gas industry faces the imperative of a decarbonised future, Picarro is becoming the de-facto partner to the world’s leading gas distribution companies” commented Alex Balkanski, CEO of Picarro.

Handover between Paolo Gallo (Italgas) and Narcis de Carreras (Nedgia) who takes over the Presidency of the Association

Brussels, 2 February 2022 – Today, Gas Distributors for Sustainability (GD4S) held its Annual General Assembly in line with the association’s Statute and By-Laws’. During the meeting, outgoing President, Mr. Paolo Gallo, CEO of Italgas (Italy), oversaw the handover of his responsibilities to his successor, Mr. Narcis De Carreras, CEO of Naturgy’s Gas Distribution operator NEDGIA (Spain).

The Assembly was also attended by Leonidas Bakouras, General Manager of Edathess (Greece), Denis O’Sullivan, Managing Director of Gas Networks Ireland (Ireland), Dan Pantilie, CEO of Distrigaz Sud Retele (Romania), Laurence Poirer-Dietz, CEO of GRDF (France), and Gabriel Sousa, CEO of Galp Gás Natural Distribuição (Portugal).

In his closing remarks, following a two-year term, Mr. Gallo recalled the main achievements of the association, including the reinforcement of its membership, with the addition of the main Greek distribution system operator EdaThess, and the effectiveness of its advocacy activity in Brussels. He also reflected on the increased scope of activity undertaken by the association and its focus on remaining at the forefront of EU energy policy debate on the energy transition, on methane emissions’ reduction, and on sector coupling.

GD4S further developed its strategic vision for the decarbonisation and future role of gas grids, through the adoption of its White Paper released in June 2021. In addition. its members collaborated to definea shared sustainability vision, with the development of a new Sustainability Charter, due to be released in the coming months. Part of the strong commitment to Sustainability is also the Joint Declaration on Methane Emissions reduction, published by GD4S in the first quarter of 2021, aimed at paving the way for other gas DSOs to follow a similar approach.

Under Mr. Gallo’s supervision, GD4S strengthened its ties and cooperation with other gas DSO associations (Eurogas, GEODE, CEDEC), collaborating to call on the European institutions to take the most appropriate policy measures to allow for the full potential of the gas DSO system in enabling the energy transition to be utilised. The cooperation was extended to also cover more specific issues related to the development of the hydrogen market, with the four associations, together with ENTSOG, part, of the Prime Movers Group on Gas Quality. Last but not least, GD4S is really proud to have joined, in the last quarter of 2021, the Ready4H2 project. gathering 92 European operators and aiming at at defining the role of gas DSOs in the development of the hydrogen market.

Narcis De Carreras begins his term in a very challenging period for the European gas sector, which will see the definition of the EU Gas Package, the Methane Emissions’ Regulation the revision of the Energy Performance of Buildings Directive (EPBD) and the finalising of the Fit for 55 package.

During his Presidency, Narcis de Carreras will continue to promote the role of gas DSOs in helping reach EU climate objectives effectively, strengthening the association with the appointment of a Senior Policy Officer, increasing its ability to influence by fostering collaboration between members and with other associations, and enlarging the number of associates.

GD4S remains committed to further strengthening its role as a key player, representing the voice of gas DSOs in the EU energy policy debate and providing a positive contribution for Europe’s energy transition.

Italgas confirmed in the Sustainability Yearbook and FTSE4Good Index Series

Milan, 1 February 2022 – Italgas has been included for the third consecutive year in the Sustainability Yearbook, the S&P Global annual publication that collects experiences, case histories and best practices from world’s top sustainability leaders.

Italgas was included following the Corporate Sustainability Assessment (CSA) conducted in 2021. The Company was also awarded a “Gold Class Distinction” for its excellent sustainability performance.

A total of 716 companies, out of the 7,554 assessed, have been selected and included in the Sustainability Yearbook 2022 based on their ESG scores.

The result achieved is a further recognition of Italgas’ commitment to all aspects of sustainability, a pillar of its growth strategy and on which its daily activity is based. The 2022 Sustainability Yearbook is only the latest of the awards received by the Company on ESG topics. Italgas was recently confirmed in the FTSE4Good Index Series, which includes the companies that excel in sustainable economic development.

Italgas: 2022 financial calendar on 01.27.2022

Milan, 27 gennaio 2022 – Italgas announces the financial calendar and the dates of the publication of its 2022 financial results as approved by the Board of Directors:

  • Group Annual Integrated Report at December 31, 2021 and draft financial statements at December 31, 2021;
  • Dividend proposal for 2021;
  • Report on Corporate Governance and Ownership Structure 2021;
  • Report on Remuneration 2022;
  • Call of Shareholders’ Meeting.
Board of Directors approval

 

 

Press release and Conference call

March 9, 2022

 

 

March 10, 2022

  • Financial statements at December 31, 2021;
  • Dividend approval for 2021;
  • Appointment BoD and Board of Statutory Auditors
Shareholders’ Meeting

Press release**

April 26, 2022 in a single call
  • First quarter 2022 report.
Board of Directors approval

Press release and Conference call*

May 4, 2022

May 5, 2022

  • Strategic Plan 2022-2028.
Board of Directors approval

Press release and Strategy Presentation*

June 14, 2022

June 15, 2022

  • Interim financial report at June 30, 2022.
Board of Directors approval

Press release and Conference call*

July 25, 2022

July 26, 2022

  • Third quarter 2022 report.
Board of Directors approval

Press release and Conference call*

October 26, 2022

October 27, 2022

 

 

 

 

 

 

* Press release will be issued in the morning (non trading hours). The conference call for the presentation of results/Strategic Plan to the financial community on the same day;

** Press release will be issued at the end of Shareholders’ meeting;

The dividend for the 2021 financial year will be paid on 25 May 2022 (record date 24 May 2022) with ex-dividend date 23 May 2022.

A road show to present the company’s objectives as established in the 2022-2028 Strategic Plan to institutional investors and financial analysts is scheduled to start in June 2022.

Any amendment to the above calendar will be notified to the market in due time.

 

Italgas: the Board of Directors co-opts Mr Qinjing Shen

Milan, 27 January 2022 – The Board of Directors of Italgas S.p.A., which met today, resolved, as proposed by the Appointments and Compensation Committee and with a resolution approved by the Board of Statutory Auditors, to co-opt, pursuant to Article 2386, subsection 1, of the Italian Civil Code, and Article 13.7 of the Company Bylaws of Italgas, Mr Qinjing Shen as a non-executive and non-independent director of the Company.

The appointment was made after Mr Yunpeng He, a non-executive and non-independent director and member of the Company’s Sustainability Committee, handed in his resignation on 11 January 2022. For further information on his resignation see the press release published on the same date on the Company’s website www.italgas.it in the section https://www.italgas.it/media/.

Having acknowledged the statements made and the documentation presented by the new Director, during the same meeting the Board of Directors ascertained that Mr Qinjing Shen meets the requirements prescribed by the applicable law and by the Company Bylaws to accept the office and verified compliance with the limit on accumulation of offices based on the guidelines the Company has adopted.

Lastly, the Board of Directors appointed the newly appointed Director as a member of the Sustainability Committee to replace the outgoing Mr Yunpeng He.

The co-opted Director will remain in office until the next Shareholders’ Meeting in accordance with the law and Italgas’ Company Bylaws. The full text of the curriculum vitae of Mr Qinjing Shen is available at the registered offices and on the website of the Company www.italgas.it in the section Board of Directors.

The Company specifies that, to the best of its knowledge, as of today Mr Qinjing Shen does not hold shares in Italgas S.p.A.

 

Italgas is recognised as a Top Employer 2022 in Italy

Italgas is recognised as a Top Employer 2022 in Italy

The 2022 Top Employers have been announced and Italgas has been recognised as a Top Employer in Italgas.

Being certified as a Top Employer showcases an organisation’s dedication to a better world of work and exhibits this through excellent HR policies and people practices.

The Top Employers Institute programme certifies organisations based on the participation and results of their HR Best Practices Survey. The survey covers 6 HR domains consisting of 20 topics including People Strategy, Work Environment, Talent Acquisition, Learning, Well-being and Diversity & Inclusion and more.

Top Employers Institute CEO David Plink says: “Reflecting on the demanding year that has, like the year before it, impacted organisations across the world, Italgas has continued to show that it prioritises maintaining excellent people practices in the workplace. They continue to meet the challenges of the changing world of work while working tirelessly to make a positive impact on the lives of their workforce. We are pleased to celebrate and applaud the organisations that have been certified as Top Employers in their respective countries this year.”

The programme has certified and recognised more than 1 857 Top Employers in 123 countries/regions across five continents.

About Top Employers Institute

Top Employers Institute is the global authority on recognising excellence in People Practices. We help accelerate these practices to enrich the world of work. Through the Top Employers Institute Certification Programme, participating companies can be validated, certified and recognised as an employer of choice. Established over 30 years ago, Top Employers Institute has certified over 1857 organisations in 123 countries/regions. These certified Top Employers positively impact the lives of over 8 million employees globally.

Top Employers Institute. For a better world of work.

Italgas: Resignation of Director Yunpeng He

Milan, 11 January 2022 – Italgas announces that Mr. Yunpeng He, Director of Italgas S.p.A., has resigned today, with effect from the date of appointment of his replacement.

Mr. Yunpeng He, a non-executive Director and member of the Sustainability Committee, motivated his decision with reference to supervening professional commitments.

The Company specifies that, to the best of its knowledge, as of today Mr. Yunpeng He does not hold shares in Italgas S.p.A.

The Company thanks Mr. Yunpeng He for his valuable professional and personal contribution throughout his mandate.

No allowances or other benefits are envisaged following termination of office.

Ravanusa: latest updates from Italgas

This page contains the latest updates from Italgas regarding the events in Ravanusa.

Update page.

Turin, 31 December 2021 – 1:30 p.m.

Ravanusa, Italgas Reti: maximum collaboration to reconstruct the exact dynamics of events

Italgas Reti informs that within the investigations aimed at establishing the causes of the tragic event occurred last December 11 in Ravanusa (Agrigento), some of its employees have received notices of investigation served by the Court of Agrigento. The notices were necessary in order to be able to carry out non-repeatable technical investigations, which will take place over the next few days to reconstruct the dynamics of the events.

The company, in taking note of these measures, confirms the maximum collaboration during the upcoming activities to support the investigators, as it has done from the beginning of the event.

Turin, 17 December 2021 – 10:00 a.m.

Programmed Search for Leaks

Our Leak Detection and Repair (LDAR) activity consists in a survey via car and/or by foot of the network.

Since 2019, Italgas Reti has been using the Picarro Surveyor, a vehicle based on the most advanced technologies for methane detection, based on laser absorption spectroscopy.

The Cavity Ring-Down Spectroscopy (CRDS) is based on a sophisticated technology that, compared to its traditional counterparts, offers important advantages with regards to speed of survey and magnitude of areas that can be scanned. These advantages are made possible thanks to modern vehicular systems paired with advanced software which, together, allow us to detect methane up to three scales of magnitude more than traditional techniques used in the sector.

The main characteristics of this system are as follows:

  • The sensitivity of the measurements is in the order of parts per billion (ppb), which is three scales of magnitude more than systems used by other gas distributors.
  • It is also capable of identifying a gas leak at a dozen meters distance to the pathway undertaken by the survey vehicle. As shown on the graph below, this is thanks to dedicated onboard sensors (anemometer, inertial GPS) and sophisticated software

Picarro LDAR System 

Traditional LDAR system

For more information about Picarro, watch the video

Legal requirements

In the Regulatory Authority’s Resolution n. 569/19/R/gas, article 12.2 lays out the following requirements:

  • 100% frequency of inspection for medium and high-pressure pipelines every 3 years
  • 100% frequency of inspection for low-pressure networks every 4 years

The Italian Gas Committee’s (CIG) Guideline nr. 16 recommends “the execution of programmed and localised LDAR inspections”, and in paragraph 7.2.5 indicated that “the strength of the signals for whom one must proceed to identify the source of the leak must be larger or equal to 20 ppm”.

The CIG’s Guideline nr. 16, in paragraph 7.2.5 “the localisation of leaks needs to be done as quickly as possible, and in any case within 30 days of the first detection”.

The CIG’s Guideline nr. 7, in paragraph nr. 6, lays out the timeline for repairing leaks based on their classification as follows:

Class Timeframe for intervention
A1 24 hours
A2 7 days
B 30 days
C 180 days

With consideration for the abovementioned obligations, Italgas, with the aim of guaranteeing the security of its network has chosen to:

  • Inspect 100% of its network every year
  • Localise, classify and repair all leaks that are also under the 20 ppm limit
  • Reduce timeframes for localisation and repair of leaks

Ravanusa

The Municipality of Ravanusa counts 52,5 Km of network, which have been entirely surveyed in 2020 and also in 2021. In particular, in 2021, 3 leaks were detected, all with concentrations below 20 ppm and outside of the area of the event in Via Trilussa, and were rapidly repaired.

Turin, 16 December 2021 – 13:36 p.m.

An Italgas Reti’s spokesperson informs that, following the evacuation of residents from the sequestered area in Ravanusa, in order to ensure the highest level of safety, the company has decided to temporarily shut down the sections of the distribution network in the sequestered area.

Therefore, to safeguard the community, Company technicians will activate specific worksites in the following areas:

  • via Savonarola, corner of via Tommaso D’Aquino
  • Trilussa corner of via Savonarola
  • via Della Pace corner of via Delle Scuole
  • via Trilussa corner of via Cicervacchio
  • via Galilei courtyard no. 202
  • via Galilei courtyard 204
  • via Galilei corner of via Della Pace

The works will be completed by tomorrow morning.

Turin, 15 December 2021 – 12:30 p.m.

With reference to the municipal construction site on Via San Francesco, Ravanusa, images of which were filmed by some newscasts, websites and newspapers, in order to avoid the spread of incorrect information, Italgas Reti specifies that this is work planned by the Municipality of Ravanusa and not therefore by Italgas Reti.

For this construction site, the Company promptly provided the maps showing the position of its grids. In the area where work has been halted for some time, there is a short section of the gas mains (shown in the images), consisting of a steel grid. This is no longer in operation and was replaced in December 2013 by a new polyethylene pipe laid parallel to it.

The Company is inspecting the site on a weekly basis to ensure that the work carried out by the companies appointed by the Municipality does not cause damage to the operating grid. During the latest inspection, carried out on 7th December last, the grids were covered by the layer of hardcore required. The fact that they are currently uncovered is probably due to the recent copious precipitation. In any case, Italgas Reti is liaising with the Municipal Administration to ensure that, as the site manager, it promptly restores the required layer of hardcore over the grid.

Milan, 14 December 2021 – 8:00 p.m.

With regard to the news released today regarding gas leaks reported in the town of Ravanusa, Italgas Reti specifies that it received three reports regarding Via Calabria, Via San Francesco and Via Galileo Galilei. Checks were carried out and no leaks were detected in two cases. In the third, the engineers replaced a short section of small diameter piping along the edge of the roadway. The reports were all verified by extending the checks on the network to all the neighbouring streets.

Italgas Reti specifies that it has deployed a stable emergency response unit in the town of Ravanusa to ensure an even more timely response to any further reports.

Furthermore, in agreement with the Municipal Administration, Italgas Reti is currently monitoring the entire city network using Picarro Surveyor technology, the most advanced leak detection system. This monitoring activity, which began this afternoon, is expected to take place mainly at night and will continue for the next few days. It is additional to the checks already carried out in 2020 and 2021, using the same technology, on the entire Ravanusa network.

Italgas Reti reiterates that during the week prior to the event on Via Trilussa:

  • there were no Company work sites in the area, nor had any work been carried out;
  • no reports of any kind were received by the Emergency Services;
  • the only activities carried out by the Company involved the regular maintenance of the road valves, located in areas distant from Via Trilussa, and eight technical inspections for the replacement or activation of meters;
  • it is not aware of any other activities carried out by the operators of other underground services.

Technical characteristics of the network in the event area:

  • on Via Trilussa, the cathodically protected coated steel pipe, measuring 100 mm in diameter, was laid in 1988 (within its useful life as per ARERA requirements);
  • the secondary section along Via Galilei is made of polyethylene with an external diameter of 180 mm, laid in 2014

The Company is working closely with the authorities and deploying all the technologies and resources available to support the area hit by the tragic event.

Milan, 13 December – 6.40 p.m.

With regard to the event that occurred in Ravanusa, the Company reiterates its deepest condolences to the families of the victims and its support for the entire community affected by this tragedy.

With regard to the news reported by several press agencies, in order to provide all the information needed for an accurate reconstruction of the events, and avoid harmful and distorted speculations, Italgas would like to point out that the Ravanusa network did not undergo any investigation or survey during the period of judicial administration imposed in 2014 by Silvana Saguto, the then Presiding Judge of the Preventive Measures Section of the Court of Palermo, who was later expelled from the Judiciary “for illegal business in the management of confiscated assets”.

The judicial administration was revoked in July 2015.

Italgas Reti confirms its commitment to work with the Judiciary and the relevant Authorities to accurately reconstruct the dynamics of the event.

Milan, 13 December – 6.15 p.m.

With regard to the investigations carried out by the judicial administrators in 2014 on the gas distribution networks managed by Italgas Reti, the company reports that all the situations reported across the country were analysed with the support of independent external bodies – universities and national research centres – and were remedied where necessary.

Milan, 13 December – 5.20 p.m.

With regard to the news circulated today about alleged maintenance work carried out by Italgas on the Ravanusa network in the 5 days preceding the event, Italgas Reti states that – based on the records held in the company’s systems – there is no evidence of work carried out on the road network, but only routine activities carried out on domestic meters and on some road valves that are required on a regular basis.

These activities took place in the town of Ravanusa, on streets distant from the place of the event.

The activities carried out are scheduled maintenance operations required to check the manoeuvrability of the network valves and do not involve any work on the pipes.

They consist of the following operations:

  • Inspection and cleaning of the well;
  • Greasing of the valve;
  • Checking the manoeuvrability of the valve.

Milan, 12 December – 7.20 p.m.

With regard to the event in Ravanusa, Italgas expresses its sorrow and offers its condolences to the community affected by this dramatic event and in particular to the people who lost their loved ones.

The Company has offered to work with and support the Municipality of Ravanusa and the Civil Protection force to provide the necessary assistance to citizens, as well as to cooperate fully with the authorities to the extent of its responsibilities.

The following has emerged from an initial assessment of the event.

No reports of any kind have been received in the past week by the Emergency Response Service complaining of gas leaks.

Following the event, the first report was made by telephone by the Fire Brigade at 21:02 to the Italgas Reti Integrated Supervision Centre.

The Company’s technical staff arrived on site at 21:20.

The initial network sectioning work intended to make the grid safe began at midnight after the Fire Brigade had given the respective authorisation.

At 02:05 on 12/12, the Italgas Reti technicians completed the work required to isolate the section of grid that crosses the area affected by the event.

The piping is made of steel with a diameter of 100 mm and is a low pressure grid.

There were no Italgas Reti work sites on the grid section concerned.

The Ravanusa distribution network was fully inspected in both 2020 and 2021.

Italgas: contract signed in Athens for the acquisition of 100% of the Greek company Depa Infrastructure S.A.

Athens, 10 December 2021 – Italgas today signed the Sale and Purchase Agreement (SPA) for the acquisition of 100% of DEPA Infrastructure S.A. owned by Hellenic Republic Asset Development Fund S.A. (HRADF) and Hellenic Petroleum S.A. (HELPE), for an equity value of 733 million euros.

The Sale & Purchase Agreement (SPA) was signed by the CEO of Italgas SpA, Mr. Paolo Gallo, and the CEO of Italgas Reti, Mr. Pier Lorenzo Dell’Orco, the CEO of HRADF, Mr. Dimitris Politis, the General Manager of Strategic Planning and Group Development of HELPE, Mr. George Alexopoulos, the Group General Counsel of HELPE, Mr. John Apsouris, and follows the conclusion of the tender for the privatization of DEPA Infrastructure and the identification of Italgas as the preferred bidder for the transaction by HRADF and HELPE on 9 September.

The signing took place in the presence of the Minister of Finance, Mr. Christos Staikouras, the Minister of Development & Investments, Mr. Adonis Georgiadis, the Minister of Energy, Mr. Costas Skrekas, the Chairman of Italgas, Mr. Alberto Dell’Acqua, the Ambassador of Italy, Mrs. Patrizia Falcinelli, the CEO of HCAP, Mr. Gregory D. Dimitriadis, the Managing Director of HELPE, Mr. Andreas Siamishis, the Executive Director of HRADF, Mr. Panagiotis Stampoulidis, the Chairman of DEPA Infrastructure, Mr. Charitonas Kyriazis and the CEO of the company, Mr. Michail Hatzis.

The completion of the acquisition is subject to the fulfilment of certain conditions, such as the approval of the transaction by the Greek supervisory authority RAE and the clearing of the Greek antitrust authority HCC.

DEPA Infrastructure currently owns 51 percent of Thessaloniki – Thessalia Gas Distribution S.A. (EDA Thess), 100 percent of Attiki Natural Gas Distribution Single Member Company S.A. (EDA Attikis) and 100 percent of Public Gas Distribution Networks S.A. (DEDA), the three leading gas distribution players in Greece, which together manage 6,900 kilometers of network and 509,000 redelivery points.

The transaction will be financed entirely by Italgas using committed lines of financing.

Paolo Gallo, CEO of Italgas, commented:

“Today marks the beginning of a new and important phase in the recent history of Italgas. After nearly twenty years, we are returning to operate abroad, and we are doing so in a country like Greece, which has recognized our technical and technological leadership and our role as a strategic partner in effectively tackling the process of phase-out from coal and lignite for the decarbonization of the economy. The expected strong increase in gas demand will be met by an increasingly widespread, smart and flexible distribution network, which will distribute natural gas to a growing number of consumers and will be ready to accept renewable gases such as biomethane and green hydrogen. We are thrilled to share with the Greek government the experience we have gained in our almost two centuries of history and the technological know-how acquired in recent years of great digital transformation”.

GD4S, the association of European Gas Distributors meets EU Commissioner for Transport, Adina Ioana Valean

The key role of distribution system operators (DSOs) and the significant potential of renewable gases for transport discussed

Bruxelles, 09 of December 2021 – Paolo Gallo, President of GD4S and CEO of Italgas, together with a delegation from the association that represents seven of Europe’s leading gas distribution system operators (DSOs) met with Adina Ioana Valean, EU Commissioner for Transport.  Among the topics discussed were the strategic role of DSOs and of renewable gases, such as biomethane, synthetic methane and green hydrogen, for the development of sustainable mobility in Europe.

The meeting, which was also attended by Leonidas Bakouras, General Manager of Edathess (Greece), Denis O’Sullivan, Managing Director of Gas Networks Ireland (Ireland), Narcis de Carreras, CEO of Nedgia (Spain) and Catherine Leboul-Proust, Director of Strategy GRDF (France) was an opportunity to highlight to Commissioner Valean the key elements of GD4S’ White Paper ‘Gas grids – a key enabler of decarbonisation’, with specific focus on the transport sector.  Published in June of this year, the association’s White Paper illustrates the main actions being undertaken by DSOs to support decarbonisation and confirms GD4S’ pledge to reach climate neutrality by 2050.

During the roundtable, GD4S representatives engaged with the Commissioner on the following:

  • The role of natural gas and renewable gases as alternative fuels for sustainable mobility.
  • The limitations of electric mobility, in particular, for heavy duty and long-haul transport, The association highlighted natural and renewable gases as the most efficient solutions.
  • The association’s concern in relation to the the focus on tailpipe emissions rather than life-cycle emissions, within the EC’s ‘Fit for 55’ package, an approach, the representatives indicated, that doesn’t allow for full exploitation of the potential of renewable fuels, such as biomethane.

Paolo Gallo, President of GD4S commented: Natural gas is recognised as the fuel which will power the energy transition, providing in the short and medium term, the opportunity to progress  from more polluting fuels, thereby significantly accelerating the decarbonisation of the economy. At the same time, digitalised gas infrastructure has a key role in fostering the potential of renewable gases such as biomethane, synthetic methane, and green hydrogen, and in reaching the climate targets set for 2050.  Thanks to their capacity for energy storage and as energy vectors, gas grids guarantee the necessary energy system flexibility. In addition, the strategic role of renewable gases for the development of a clean and sustainable mobility, in particular, in relation to public and long haul transportation, is abundantly clear.”