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Change Report

Integration of the European Network GRI - G4: 6

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Integration of the European network (Graphic)

TAP

20% stake acquired in December 2015

Strategic asset for:

  • diversifying EU supplies by importing gas from Azerbaijan;
  • contributing to creating a gas hub in Italy;
  • the portfolio of related initiatives along the Southern Corridor.

MAIN ASSETS and PERSONNEL

  • The asset is under construction. It connect Greece to Italy via Albania, with 765 km of onshore pipeline and 105 km of offshore pipeline, and an initial capacity of 10 bcm/y (scalable to 20 bcm/y);
  • Employees in service: 196.

TAG

84.47% stake (89.22% of economic rights) acquired in TAG, the company that owns the gas pipeline linking the Slovak-Austrian border with the Tarvisio entry point.

Strategic asset for:

  • integration into the East-West Gas Corridor;
  • creating reverse flows to southern German and eastern Europe / MAIN.

ASSETS and PERSONNEL

  • Three parallel stretches of pipeline, each around 380 km long / Five compression stations
  • Employees in service.

TIGF

Following the acquisition in 2013 (the current stake is 40.5%), Snam is a partner in the share capital of TIGF, which also includes GIC (31.5%), EDF (18%) and Crédit Agricole (10%).

TIGF, which transports and stores natural gas in south-west France, is a strategic infrastructure for integrating European gas markets and connecting the French and Iberian markets with those of central and northern Europe as part of a broader integration of European energy infrastructures.

MAIN ASSETS and PERSONNEL

  • 5,064 km of network with six compression stations (101 MW), 13% of the total volume of gas transported in France;
  • 5.7 billion m3 of storage capacity (working gas 2.8 bcm), approximately 25% of national capacity;
  • Employees in service: 582.

INTERCONNECTOR UK

2012 acquisition as a 50/50 joint venture with Fluxys of 31.5% of Interconnector UK, 51% of Interconnector Zeebrugge and 10% of Huberator.

Strategic asset because:

  • it secures supply in north-west Europe;
  • it represents the final section of the South-North corridor, connecting one of Europe’s biggest gas markets to the mainland;
  • the bidirectional flow means flexible and diverse sources for the UK and continental Europe.

MAIN ASSETS and PERSONNEL:

  • 235 km underwater gas pipeline from Bacton (UK) to Zeebrugge (Belgium);
  • one terminal and one compression station at Bacton;
  • one terminal and one compression station at Zeebrugge;
  • Employees in service: 87.
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