Edison, Iveco ink Italian LNG road transport pact

Italian energy group Edison and compatriot truck manufacturer Iveco are joining forces to work on boosting the use of LNG in the country’s road transport sector.

In that regard, the two firms have signed a memorandum of understanding to speed up the development of sustainable gas mobility and promote the use of LNG for trucks, according to a statement by Edison.

“The agreement is based on the recognition of the fundamental role that G-Mobility (LNG and CNG mobility) plays in the process of decarbonizing Italy,” the statement said.

The collaboration would also aim to identify business models capable of offering tailor-made solutions for G-mobility that favor the conversion of fleets to LNG through a total cost of ownership or TCO, which includes the total cost of managing the vehicle, including purchase, maintenance and fuel, Edison said.

This is competitive compared to traditional fuels and contributes to the gradual introduction of biomethane and bio-LNG towards a circular economy and decarbonization, it said.

Edison is Italy’s first LNG importer and in October this year, the company and partners launched the small-scale LNG deposit in Ravenna. This facility will provide LNG mainly to the transport sector.

The energy firm says it currently supplies LNG, CNG, and biomethane across Italy to around 300 filling stations, out of which it owns 45.

On the other side, Iveco says it has a 55 percent market share in Europe for LNG trucks. In total, Iveco sold more than 45,000 natural gas vehicles in Europe.

- Advertisements -
spot_img

Most Popular

Baker Hughes bags contract for second Pluto LNG train

US energy services firm Baker Hughes has won a contract to supply equipment for the expansion of Woodside's Pluto...

Petrobras transfers Bahia LNG ops to Excelerate Energy

Brazil’s state-owned energy firm Petrobras said it has transferred operations of the Bahia LNG terminal to Texas-based floating LNG...

Hudong, COSCO ink deal for three new LNG carriers

Chinese shipbuilder Hudong-Zhonghua has officially signed a deal with compatriot shipowner COSCO and a unit of energy giant CNPC...

More News Like This

Italy’s Ravenna small-scale LNG terminal launched

Italy's PIR and Edison, and Spain's Enagas have officially launched the new small-scale LNG terminal in the port of...

Edison, Knutsen name small-scale LNG carrier in Ravenna

Italy's Edison and Norway's Knutsen held a naming ceremony for the small-scale LNG carrier Ravenna Knutsen. The ceremony for the...

Italy’s Arcese expanding LNG-powered truck fleet

Italian transport firm Arcese is continuing to add LNG-powered trucks to its fleet as it looks to switch towards...

Edison says wins arbitration case against Qatargas over LNG price

Italian energy group Edison said it had won an international arbitration case against Qatari LNG producer Qatargas in relation to...