Snam operates in a strategic sector for Italy. With approximately 3,000 employees, it conducts regulated gas segment activities and is a leading European operator in terms of regulatory asset base (RAB) in its sector.
As an integrated operator, Snam provides natural gas transportation, dispatching and storage services as well as LNG regasification services, and plays a leading role in the natural gas infrastructure system.
Snam operates in Italy through three operating companies that are fully owned by Corporate Snam S.p.A.: Snam Rete Gas, GNL Italia and Stogit, respectively.
Snam operates in Europe’s major markets through agreements with the leading industry players and direct equity investments in the share capital of companies.
With the separation of Italgas and the initiation of the new organisation that led to the creation of three Business Units for the management and control, respectively, of growth and development activities, the management of Italian subsidiaries and the coordination of foreign equity investments, Snam began to become a “One Company” with the role of an integrated gas player.
Snam’s business is focused on regulated activities and is capital intensive. Regulation makes provision for tariff systems that cover the costs incurred by the operator and for a fair return on invested capital. Snam is therefore able to maintain a limited risk profile and to provide its shareholders with attractive and sustainable returns, while ensuring that it provides its services to all operators in a non-discriminatory manner and with the highest standards of quality and safety.
Snam has been listed on the Italian stock exchange since 2001. Its share price features not only on the Italian FTSE MIB index but also on leading international indices (Stoxx Europe 600 and Stoxx Europe 600 Utilities) and the major sustainability indices.