Snam Company Profile

Snam is one of the world’s leading energy infrastructure operators and one of the largest Italian listed companies in terms of capitalization. The company’s sustainable and technologically advanced network guarantees security of supply, enables energy transition and promotes development in the areas in which it operates. Through its international subsidiaries, it operates in Albania (AGSCo), Austria (TAG, GCA), China (Snam Gas & Energy Services Beijing), France (Teréga), 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 (approx 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) 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.

As part of its €6.5 billion plan that runs to 2023, Snam is investing €1.4 billion in the Snam Tec project (Tomorrow’s Energy Company) which aims to reduce the environmental impact of its activities through innovation (with the aim of a 40% reduction in methane emissions by 2025 and direct and indirect CO2eq emissions by 2030) and contributing to decarbonisation through its new energy transition businesses: sustainable mobility (distributors of compressed natural gas – CNG and bio-CNG – and liquefied natural gas – LNG and bio-LNG, Small-scale LNG), biomethane infrastructure from organic waste and agricultural and agro-industrial waste, energy efficiency services for apartment buildings, the public administration and industry. Snam was the first European company to trial the introduction of hydrogen mixed with natural gas into its network.

The corporate business model is based on sustainable growth, transparency, the development of talent and diversity and the protection and social development of the areas through the Snam Foundation. 

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

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