Operating review
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Technical investments |
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|
|
|
|
|
|
|
|
(€ million) |
2011 |
2012 |
2013 |
Change |
% Change |
|
Distribution |
215 |
246 |
239 |
(7) |
(2.8) |
|
Network maintenance and development |
171 |
196 |
187 |
(9) |
(4.6) |
|
Replacement of cast-iron pipes (greater return of 2%) |
44 |
50 |
52 |
2 |
4.0 |
|
Metering |
144 |
79 |
83 |
4 |
5.1 |
|
Other investments |
35 |
34 |
36 |
2 |
5.9 |
|
|
394 |
359 |
358 |
(1) |
(0.3) |
Technical investments amounted to €358 million in 2013, in line with the figure for 2012 (€359 million).
Investments in distribution (€239 million) mainly involved development projects (extensions and new networks) and the renovation of old sections of pipe, including the replacement of cast-iron pipes.
Investments in metering (€83 million) primarily concerned the meter replacement programme and the remote meter-reading project.
Other investments (€36 million) mainly concerned investments in IT, property and vehicles.
Gas distribution
In 2013, 7,352 million cubic metres of gas were distributed, an increase of 110 million cubic metres, or 1.5%, compared with 2012, due mainly to weather conditions.
At 31 December 2013, Snam had concessions for gas distribution services in 1,435 municipalities (unchanged from 31 December 2012), of which 1,344 were in operation (1,337 in 2012) and 91 had networks yet to be completed and/or created (98 in 2012). It had 5,928 million active meters at gas redelivery points to end users (households, businesses, etc.), compared with 5,907 million at 31 December 2012.
INVESTMENT PROPORTIONS BY TYPE (% OF TOTAL INVESTMENTS)
ACTIVE METERS AND GAS VOLUMES
Distribution network
At 31 December 2013, the gas distribution network covered 52,993 kilometres (52,586 kilometres at 31 December 2012). The increase of 407 kilometres compared with 31 December 2012 is due to the construction of new networks, specifically in Calabria, and to the extension of networks for concession commitments.
Isontina Reti Gas S.p.A. and framework agreement with Acegas-Aps S.p.A.
On 17 April 2013, the Competition Authority blocked the acquisition of 50% of the equity of Isontina Reti Gas S.p.A. by Italgas and the subsequent transfer to said company of some business units of Italgas and Acegas-Aps, on the grounds that it would give Isontina Reti Gas a dominant position that would eliminate or considerably reduce in the long term competition on the market for future tenders for the natural gas distribution concessions in the regions of Gorizia, Trieste, Pordenone and Padua 1.
On 13 June 2013, Italgas filed an appeal against this ruling at the Regional Administrative Court of Lazio.