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- To start work on first leg of hydrogen backbone in 2025
- Tests show its gas storage sites can hold 100% hydrogen
- Core earnings to grow 6-8% 2022-2030
- To cut emissions of associate companies by 46% by 2030
MILAN, Nov 29 (Reuters) – Europe’s biggest gas pipeline group Snam (SRG.MI) has pencilled in 23 billion euros ($26 billion) of investments over the next nine years to ready its network for hydrogen and the energy transition.
The company said it was looking to spend around 3 billion euros to re-purpose 2,700 km of network to transport green hydrogen from Africa and the south of Italy northwards to high-energy demand regions like Germany.
Work will start on the first leg of the hydrogen …….