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OMV, partners to explore LNG opportunities in Austria

Austria's OMV AG, Italy's Snam SpA and Austria's Trans Austria Gasleitung GmbH signed a memorandum of understanding to jointly explore liquefied natural gas opportunities in Austria, which includes the potential construction of a small-scale LNG plant.

The opportunities include an LNG supply agreement and the development of an LNG market, according to a Sept. 24 news release from OMV.

OMV CEO Rainer Seele said the move comes in response to expected higher demand for LNG, including a projected surge in LNG-fueled trucks by 2030.

For Snam, CEO Marco Alverà said the opportunities could strengthen its compressed natural gas and LNG network for both cars and trucks.