Snam’s pathway of growth in Europe

The graphic below shows the key stages of the pathway of growth initiated by Snam in 2012 within Europe’s “priority” natural gas transit corridors, as defined by the European Commission.

2012

• Signature of a Memorandum of Understanding between Snam and Fluxys for the development of capacity in two-way gas flows in the south-north corridor between Italy and the UK.
• Acquisition of 31.5% of Interconnector UK, 51% of Interconnector Zeebrugge and 10% of Huberator, as part of a joint venture with Fluxys.

2013

Acquisition of 45% of TIGF, as the head of a consortium that also includes GIC (35%) and EDF (20%). TIGF represents a strategic platform for the integration of the European gas markets, for the interconnection of the French and Spanish markets with those of central and northern Europe, as part of a broader integration of European energy infrastructures.

2014

• Signature of a Memorandum of Understanding with Fluxys, with the aim of further developing the strategic alliance forged in 2012.
• Acquisition of 84.47% (89.22% of the economic rights) of TAG, the company that owns the pipeline linking the Slovakian-Austrian border with the Tarvisio entry point.