Snam is Europe’s top operator in the implementation and integrated management of natural gas infrastructure. With approximately 3,000 employees, it conducts regulated gas segment activities in Italy and is a leading European operator in terms of regulatory asset base (RAB). Snam operates in and assures the integrated, efficient management of the transmission, dispatch and storage of natural gas, as well as the regasification of liquefied natural gas (LNG).
Snam operates in Europe’s major markets through agreements with the leading industry players and direct equity investments in the share capital of various companies. Snam also offers engineering and technical-operational services for gas operators in national and international markets.
Snam: integrated network to
drive the energy sector evolution
Snam’s business is mainly 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.
The company actively promotes the use of natural gas as a flexible, low environmental-impact energy source in the classic industrial and residential sectors, as well as in generation and transport. In recent years, Snam has launched numerous projects aimed at assuring the promotion of a more sustainable, efficient energy system, developing initiatives and interventions under the scope of energy efficiency, compressed natural gas (CNG), biomethane and liquefied natural gas (LNG).
To fulfil its role as an integrated gas player in an effective, efficient manner, Snam has redesigned its organisational structure towards a “One company” divided into business units and staff functions, renewed with a view to simplifying processes, efficiency and continuous improvement. The four business units respectively supervise: the management of transmission, storage and regasification activities carried out by Italian subsidiaries, the coordination of foreign holdings, the development and commercial activities, and the development of services dedicated to operators in the gas sector.
The company has been listed on the Italian Stock Exchange since 2001. The Snam security is included not only on the Italian FTSE Mib stock exchange, but also on some of the most important international indices (Stoxx Europe 600 and Stoxx Europe 600 Utilities) and on numerous sustainability indices, including some of the most prestigious, like the Dow Jones Sustainability World Index and the FTSE4Good; it is also high up in the ESG ratings of MSCI, Sustainalytics and Vigeo.
In the current context of change to the energy balances and increasing awareness of the impacts of our actions on the climate, Snam’s role is increasingly central toward achieving the national and European commitments to mitigate the effects of climate change and develop decarbonised economies at accessible costs.
In November 2018, Snam launched its new Strategic Plan for the period 2019-2022, marking out the route that would allow the company to generate sustainable growth and value for its stakeholders over the next few years, as well as to rise to the challenges connected with climate change.
The targets set in the new Strategic Plan, all of which are improvements on the previous one, aim to create continuous value from regulated activities and ensure a growing presence in the energy transition sector in which biomethane may play an increasingly important role. Snam’s desire to make a commitment to reduce the environmental impact of its activities and help develop the energy transition, is confirmed by a dedicated investment plan called Snamtec and by the 2018 acquisitions aimed at expanding upon the company’s know-how with regards to decarbonisation technology.
Over the next few years, the company will continue its efficient development of the core business and to expand its business into the segments of energy efficiency, sustainable mobility, biomethane and innovative technologies in support of the use of renewable gas, a key resource for the development of the green economy of the national green economy.
The ease of transmission and storage of natural gas makes it possible to develop multiple projects linked to the promotion of compressed natural gas (CNG) for vehicles and liquefied natural gas (LNG) in heavy goods transport both overland and by sea. In this context, the next few years will see Snam committed to strengthening the existing infrastructure with a view to extending the network of natural gas refuelling stations.
The Company offers a point of reference in the integration into the Italian energy mix of biomethane, a renewable, programmable source that optimises existing transmission and storage infrastructures and allows for an increase in national production and reduction of Italian energy dependency, at the same time also helping reduce waste and greenhouse gas emissions in the Italian agricultural-food sector.