Operating review

In 2019, 2.40 billion cubic metres of LNG were regasified at the LNG terminal in Panigaglia (SP) (compared with 0.91 billion cubic metres in 2018, +1.49 billion cubic metres), with 57 methane tankers unloaded (+36 compared with 2018), also thanks to the new mechanisms used to allocate capacity through auctions.

With reference to the number of employees, this figure stood at 65 resources, essentially in line with the previous year. Under the scope of the process of integrating Snam’s Italian assets, the strengthening of the organisational oversight dedicated to operating activities continued in 2019 as well, aimed at upgrading the direct oversight of the core regasification activities, as against the staff processes where activities were provided centrally by Snam.

On 26 February 2020, Snam acquired a 49.07% stake in the share capital of OLT (Offshore LNG Toscana), the company that built and manages the offshore regasification terminal (FSRU - Floating Storage and Regasification Unit) located offshore of the Tuscan coast between Livorno and Pisa. With a maximum annual regasification capacity of 3.75 billion cubic meters, OLT is the second largest Italian liquefied natural gas (LNG) terminal.

In 2018 the Company implemented a digital platform (Jarvis) aimed at improving commercial operations.

The Jarvis platform, which actively involves customers, is designed to adopt a process for the renewal of services and technologies to support all commercial transportation, storage and regasification processes based on the feedback received from customers and also proposes to promote the range of integrated services offered on the Italian market possibly also enabling services for the foreign market.

From the point of view of services, on 22 May 2019 Snam opened the new Jarvis commercial platform of integrated services to its customers, implemented in 2018 and developed in conjunction with market operators. More information with regard to the new services introduced in 2019 are given in the section “Provision and development of services - Transportation of natural gas” in this Report, also on the basis of the implementation and integrated management of the platform for all the regulated businesses in which Snam operates.

Accidents

In 2019, there were no accidents involving either employees or contract workers.

Energy consumption and emissions

The company, in accordance with its sustainable growth model, updated and set new voluntary targets, valid objectives for all Snam businesses (transportation, storage, regasification):

• to reduce its natural gas emissions by 2022 and 2025, respectively by 15% an 40%, excluding emergencies, compared with the 2016 figures;
• to reduce its scope 1 and scope 2 emissions by 2030 by 40%, excluding emergencies, compared with the 2016 figures;
• to increase the ratio between green electricity bought and the total to reach 55% by 2030.

In 2019 energy consumption for the regasification of gas increased by around 163%, in line with the increase in the quantities of regasified gas (+170%). Total emissions of nitrogen oxide in 2019 amounted to around 50 tonnes compared with 22 in 2018, a development in line with the growth of the gas treated. Natural gas emissions were in line with those of 2018, standing at 1.3 million m³.