Renewal of Mutual Cooperation Agreement for the Development of Gas Pipeline Business with Italian Gas Pipeline Operator Italgas S.p.A.

Tokyo Gas Network Co., Ltd. (President: Satoshi Tanazawa, hereinafter "Tokyo Gas Network") has renewed its "Mutual Cooperation Agreement for the Development of the Gas Pipeline Business" (hereinafter "this Agreement") *1, which was originally concluded on December 1, 2023, with Italgas S.p.A. (President: Paolo Gallo), an Italian gas pipeline operator. This renewal aims to further deepen and accelerate their existing initiatives.

Through the renewal of this Agreement, both companies will continue to cooperate by sharing their knowledge and advanced initiatives to promote technological innovation, enhance resilience, and achieve sustainable development in the gas pipeline business.

Scene of the Agreement Renewal Ceremony at the Italian Embassy (from left: Tokyo Gas Network President Tanazawa, Ambassador Mario Andrea Vattani, Italgas President Paolo Gallo)

Comment from Paolo Gallo, President of Italgas S.p.A.: "Building global cooperation is a key pillar of our growth strategy. The renewal of this agreement with Tokyo Gas Network will further strengthen the cooperative relationship we have built so far and accelerate the development of the gas pipeline business. Specifically, we will integrate the knowledge of both companies in important areas such as infrastructure digitalization, resilience enhancement, and response to decarbonization, to develop innovative solutions. Through these efforts, we will continue to contribute to the realization of a decarbonized society and promote the construction of a safer, more flexible, and future-oriented energy system."

Comment from Satoshi Tanazawa, President of Tokyo Gas Network Co., Ltd.: "It is a great honor to have reached an agreement to further deepen our cooperative relationship with Italgas S.p.A., a leading gas pipeline operator in Europe. Their advanced knowledge of digitalization strongly supports the sophistication of our operations. Going forward, both companies will continuously exchange know-how, promote operational efficiency through productivity improvements, and aim to fulfill our mission of stable energy supply and security, as well as the sustainable growth of the gas pipeline business."

[Main Achievements under this Agreement]

(1) Decarbonization * Information exchange on decarbonization (biogas, e-methane, hydrogen) * Inspection of Tokyo Gas Group's decarbonization-related facilities * Provision of information and inspection on methane (city gas) emission reduction using Italgas' gas leak detection technology

(2) Resilience * Information exchange on the establishment of earthquake disaster prevention systems

(3) Digital * Provision of information and inspection on Italgas' systems (supply management, integrated field operations, etc.) * Information exchange on smart meter technology

[Main Initiatives after this Agreement Renewal]

(1) Decarbonization * Provision of information on methane (city gas) emission reduction using our gas leak detection technology and repair methods * Information exchange on CO2 emission reduction technology at high-pressure main stations

(2) Resilience * Study towards establishing Italgas' unique earthquake disaster prevention system

(3) Digital * Information exchange on the utilization of robotics technology and AR (Augmented Reality) technology

(4) Other * Information exchange on building a procurement model for materials and equipment

[Overview of Italgas S.p.A.]

Company Name: Italgas S.p.A. Representatives: Paolo Ciocca (Chairman), Paolo Gallo (President) Established: September 12, 1837 Location: Milan, Italy Business: Main business: Gas pipeline business in Italy and Greece; Other businesses: Water business, IT services, energy services Capital: 1,257,354,634.08 Euro Major Shareholders: CDP Reti S.p.A. (25.9%), Snam S.p.A. (11.4%), etc. Number of Employees: Approximately 6,300 people Supply Area: Rome, Turin, Florence, Venice, etc.

*1: Mutual Cooperation Agreement with Italian Gas Pipeline Operator Italgas S.p.A. for the Development of Gas Pipeline Business | News | Tokyo Gas Network (Announced December 4, 2023)

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