Profile and activities of Snam

Founded in 1941 as Società Nazionale Metanodotti, for more than 75 years Snam Snam is one of the world’s leading energy infrastructure operators and one of the largest Italian listed companies in terms of market capitalization. The company’s sustainable and technologically advanced network guarantees security of supply and promotes development in the areas in which it operates, while also contributing to promote the energy transition. Through its international subsidiaries, it operates in Albania (AGSCo), Austria (TAG, GCA), China (Snam Gas & Energy Services Beijing), France (Terēga), Greece (DESFA) and the United Kingdom (Interconnector UK). Snam is also one of the main shareholders of TAP (Trans Adriatic Pipeline), the final section of the Southern Energy Corridor.

The company has the most extensive transmission network among European peers (over 41,000 km including international activities) and greatest natural gas storage capacity (ca. 20 billion cubic meters, including international activities). It is also one of the main regasification operators in Europe, an activity it carries out through its Panigaglia terminal and its stakes in the Livorno (OLT)44 and Rovigo (Adriatic LNG) plants in Italy and in the Revithoussa (DESFA) plant in Greece, with a total pro rata regasification capacity of around 8.5 billion cubic metres per year.

Snam contributes to the decarbonisation of the Italian system through its new energy transition businesses: sustainable mobility (compressed natural gas (CNG) and bio-CGN and liquefied natural gas (LNG) and bio-LNG, small-scale LNG distributors), biomethane infrastructure from organic waste and agricultural and agro-industrial waste, energy efficiency services for apartment buildings, the public administration and industry. In addition, in 2019 Snam was the first European company to trial the introduction of hydrogen mixed with natural gas into its network.

Its business model is based on sustainable growth, the development of talent, transparency in relations with the regions, also thanks to constantly listening to and having discussions with local communities and the social initiatives of the Snam Foundation. Through the SnamTec project, launched in 2018, Snam has greatly accelerated investments for energy transition, focusing on technological development, innovation and businesses in the green economy, such as sustainable mobility, biomethane, and more in general the use of renewable gases, energy efficiency, thereby promoting the journey towards decarbonisation.

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 (Dow Jones Sustainability World Index, FTSE4Good, Ethibel, MSCI, STOXX, ECPI).

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

44 The acquisition of a 49.07% share of the OLT regasification terminal was completed on 26 February 2020.

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