Elements of risk and uncertainty


The main corporate risks identified, monitored and, where specified below, managed by Snam are as follows: (i) market risk arising from exposure to fluctuations in interest rates and in the price of natural gas; (ii) credit risk arising from the possible default of a counterparty; (iii) liquidity risk arising from insufficient financial resources to meet short-term commitments; (iv) operational risk; (v) risks specific to the business segments in which the group operates.

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Snam’s presence in the territory

Infrastructure as
at 31 December 2011

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