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Premier of China and Prime Minister of Italy Witness the Signing of Cooperation Framework Agreement Between State Grid and Italgas

Release time: 2019-05-01        bigmeansmall

On April 28, Premier Li Keqiang and Prime Minister of Italy Conte were present to witness President of State Grid Corporation of China (State Grid) XIN Baoan and CEO of Italian National Gas Distribution Company (Italgas) Paulo Gallo signed a cooperation framework agreement at Diaoyutai State Guesthouse.

Premier of China and Prime Minister of Italy Witness the Signing of Cooperation Framework Agreement Between State Grid and Italgas

Under the agreement, the two parties will adhere to the principles of the principle of achieving shared growth through discussion and collaboration as advocated by the Belt and Road Initiative. They will also continue to carry out in-depth cooperation on energy infrastructure, and explore the development of third-party markets to better serve and advance the construction of the Belt and Road. The two parties will build a knowledge-sharing network for the latest achievements in innovation and development, and conduct exchanges and training focused on corporate management, technological innovation, and international business. Both parties will also offer active supports in operating businesses in each other’s countries.

Before signing the agreement, XIN Baoan and Paulo Gallo held talks on how to implement the framework and conduct pragmatic exchanges and cooperation. XIN Baoan started the meeting by introducing State Grid’s latest developments. He mentioned that the signing ceremony witnessed by Chinese Premier and the Italian Prime Minister reflects the great importance that both governments have attached to promote pragmatic cooperation between State Grid and Italgas, as well as their support for this cooperation. It is hoped that the two parties will maintain close and friendly communication and operate Italgas’ projects in a steady manner to serve the economic, social, and environmental development of Italy with high-quality energy supplies. At the same time, in accordance with what is stipulated in the agreement, two companies will fully utilize their respective advantages, support each other, jointly expand cooperation in third-party markets, and participate in the construction of the Belt and Road.

Paulo Gallo expressed his admiration for the achievements made by State Grid. He thanked State Grid for its long-term support for the operation and development of Italgas and introduced the current situation of Italian natural gas industry. He said that State Grid is an important partner for Italgas. The signing of the agreement witnessed by the Premier and Prime Minister is of great significance for further in-depth exchanges and cooperation and the construction of the Belt and Road Initiative. Italgas will maintain close communication with State Grid, carry out in-depth exchanges and cooperation in a pragmatic way, and strive to elevate cooperation between China and Italy in energy infrastructure to a new height.

Zhu Guangchao, Deputy Chief Engineer of State Grid and Director General of the Department of International Cooperation, also participated in the meeting and signing ceremony.

Sources: State Grid Administration Office, Department of International Cooperation, and State Grid News


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