Snam

Snam S.p.A.

Snam headquarters in Piazza Santa Barbara in San Donato Milanese (MI)
Company type	Società per Azioni
Traded as	BIT: SRG
ISIN	IT0003153415
Industry	Gas industry
Founded	October 30, 1941 (1941-10-30)
Headquarters	San Donato Milanese , Italy
Key people	Monica de Virgiliis (Chairman)[1] Stefano Venier (CEO)[1]
Services	Natural gas transmission, storage and regasification
Revenue	€3,875 million (2023)[2]
Operating income	adjusted €1,477 million (2023)[2]
Net income	Group adjusted net profit: €1,168 million (2023)[2]
Total assets	€33,525 million (2023)[2]
Total equity	€7,680 million (2023)[2]
Owner	CDP Reti (31.4%)
Number of employees	3,798 (2023)[2]
Subsidiaries	Stogit Snam Rete Gas GNL Italia
Website	www.snam.it/en/home.html

Snam S.p.A. is an Italian energy infrastructure company.^[3]

As of 31 December 2023, it had a market capitalization of €15,611 million.^[2] Snam was originally a subsidiary of Italian energy company Eni. It has since become an independent company, whose largest shareholder is CDP Reti, a holding company controlled by the Italian state. The utility operates in Italy and, through associated companies, in Austria (TAG, GCA), France (Terēga), Greece (DESFA), the UAE (Adnoc Gas Pipelines) and the United Kingdom (Interconnector UK and dCarbonX Limited).^[4] It is one of the main shareholders of the Trans Adriatic Pipeline (TAP). Snam is the main Italian operator for the transport and dispatching of natural gas in Italy, having almost all the transport infrastructures in Italy, with 32,862 km of gas pipelines in operation in high and medium pressure (approximately 94% of the entire transport) and around 38,000 km including international activities. First in Europe for natural gas storage capacity (around 17 billion cubic meters, including international activities), the company is also one of the main continental operators in regasification for a total pro quota capacity of approximately 13.5 billion cubic meters per year. ^[5] Snam is one of Europe's main regulated gas companies - leading Italy in gas transport and storage, while ranking third in regasification. Snam also aims to invest in new energy transition businesses to reduce environmental impact and decarbonisation: sustainable mobility (compressed – CNG – and liquefied – LNG – natural gas distributors, Small Scale LNG), energy efficiency, renewable gases such as biomethane and hydrogen. The company is listed on the FTSE MIB index of the Borsa Italiana since 6 December 2001.

Snam ensures the security of supplies and promotes the energy transition through investments in green gases (biomethane and hydrogen), energy efficiency, and CCS (Carbon capture and storage) technology. Additionally, the company creates new green areas through a benefit corporation focused on urban forestry projects.^[6]

Snam also aims to reduce direct greenhouse gas emissions by 25% by 2027, 40% by 2030, and 50% by 2032, with the goal of achieving carbon neutrality (100%) by 2040, compensating for emissions that cannot be eliminated through offsetting projects and involving subsidiaries and suppliers. Snam pursues net zero for all emissions (including indirect ones) by 2050. The Group is also working to reduce natural gas emissions from its assets: in 2023, Snam achieved a 55% reduction compared to 2015 and has set a target of 64% by 2027. The company’s business model is based on sustainable growth, transparency, talent and diversity development, and the social protection and development of local areas.^[7]