Get all your news in one place.
100's of premium titles.
One app.
Start reading
Reuters
Reuters
Business

Italy's SNAM signs deal with Volkswagen for gas-powered cars

Italian natural gas infrastructure company SNAM logo is seen in the headquater in San Donato Milanese, near Milan, Italy, April 27, 2016. REUTERS/ Stefano Rellandini

MILAN (Reuters) - Italian gas group Snam <SRG.MI> has a deal with Seat, a unit of German car maker Volkswagen <VOWD_p.DE>, to boost the use of natural gas to power cars, the two companies said on Monday.

Snam and Seat will explore ways to develop fuel station networks and create new products.

"For SEAT, one out of every five vehicles sold in Italy uses compressed natural gas (CNG)," Seat President Luca de Meo said, adding that the deal would "further enhance the development of CNG in Italy and export this success case to other countries."

Italy has become the leading market for CNG technology, accounting for 55 percent of all vehicles sold in Europe this year powered by the fuel.

(Reporting by Giancarlo Navach, writing by Valentina Za, editing by Edmund Blair)

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.