Snam profile and activities

Snam is Europe’s leading gas utility. Founded in 1941 as “Società Nazionale Metanodotti”, it has been building and managing sustainable and technologically advanced infrastructure guaranteeing energy security for over 75 years. It works in Italy and, through subsidiaries, in Austria (TAG and GCA), France (Terēga), Greece (DESFA) and the United Kingdom (Interconnector UK). It is one of the main shareholders of TAP (Trans Adriatic Pipeline) and is the company most involved in projects for the creation of the Energy Union.

With the longest transmission network in Europe (approximately 32,600 km in Italy, in addition to 41,000 with the international subsidiaries) and the largest capacity for storing natural gas (16.9 billion cubic metres in Italy, in addition to 20 with international subsidiaries), it manages the first liquefied natural gas (LNG) plant developed in Italy and is a shareholder of Adriatic LNG, the country’s main terminal and one of the most strategic in the whole of the Mediterranean.

Its business model is based on sustainable growth, transparency, the optimisation of talent and territorial development, whilst listening to and maintaining open dialogue constantly with the local communities, also thanks to the social initiatives pursued by Fondazione Snam. With the new “Snamtec” project launched as part of the 2018-2022 Strategic Plan, Snam has speeded up investments in the energy transition, focussing on technology, innovation and R&D initiatives in support of the major national and international networks and the businesses of the green economy, such as sustainable mobility, renewable gas, hydrogen and energy efficiency.

Snam has been listed on the Italian Stock Exchange since 2001. Its share price features not only on the Italian FTSE MIB index but also on leading international indices (Stoxx Europe 600 and Stoxx Europe 600 Utilities) and the major sustainability indices.

For more information on the size of the national infrastructure network and the scope of Snam's activities, please refer to the paragraph “Snam presence in Italy and in international infrastructure system” of the Integrated Report on operations.