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Snam S.p.A. is an Italian
energy In physics, energy (from Ancient Greek: ἐνέργεια, ''enérgeia'', “activity”) is the quantitative property that is transferred to a body or to a physical system, recognizable in the performance of work and in the form of hea ...
infrastructure company. As of 31 December 2019, it had a market capitalization of €15.4 billion. 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 Albania (AGSCo), Austria (TAG, GCA), China (Snam Gas & Energy Services Beijing), France (Terēga), Greece (DESFA), the UAE (Adnoc Gas Pipelines) and the United Kingdom (Interconnector UK). It is one of the main shareholders of the
Trans Adriatic Pipeline Trans Adriatic Pipeline (TAP) ( sq, Gazsjellësi Trans-Adriatik, el, Διαδριατικός Αγωγός Φυσικού Αερίου - ''Diadriatikós Agogós Fysikoú Aeríou'', it, Gasdotto Trans-Adriatico) is a natural gas pipeline p ...
(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 32,727 km of gas pipelines in operation in high and medium pressure (approximately 94% of the entire transport) and over 41,000 km including international activities. First in Europe for natural gas storage capacity (over 20 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 8.5 billion cubic meters per year. Snam is one of Europe's main regulated gas companies - leading Italy in gas transport and storage, while ranking third in
regasification Regasification is a process of converting liquefied natural gas (LNG) at −162 °C (−260 °F) temperature back to natural gas at atmospheric temperature. LNG gasification plants can be located on land as well as on floating barges, i.e. a Float ...
. Snam also aims to invest in new energy transition businesses to reduce environmental impact and decarbonisation: sustainable mobility (compressed – CNG and bio-CNG – and liquefied – LNG and bio-LNG – natural gas distributors, Small Scale LNG), energy efficiency, renewable gases such as biomethane and hydrogen. The company is listed on the
FTSE MIB The FTSE MIB (Milano Indice di Borsa) (the S&P/MIB prior to June 2009) is the benchmark stock market index for the Borsa Italiana, the Italian national stock exchange, which superseded the MIB-30 in September 2004. The index consists of the 40 mo ...
index of the Borsa Italiana since 6 December 2001.


History

Snam was founded on 30 October 1941 in
San Donato Milanese San Donato Milanese (Milanese: ) is a ''comune'' (municipality) in the Metropolitan City of Milan in the Italian region Lombardy, located about southeast of Milan. It is served by the San Donato underground station right on the borderline betw ...
, Lombardy, with the name Società Nazionale Metanodotti. On 1 June 2001, it changed its name to Snam Rete Gas. It has been traded on the Borsa Italiana since 6 December 2001. On 1 January 2012, it was renamed with the original name of Snam. In April 2019, Snam launched the first injection of a hydrogen and natural gas into the pipeline, the Europe's first commercial test of a hydrogen-methane blend in a high-pressure network.


Subsidiaries

Snam has following subsidiaries: * Snam Rete Gas S.p.A.: the transmission system operator for natural gas; * Stogit S.p.A.: storage of natural gas; * GNL Italia S.p.A.: for the regasification of
liquefied natural gas Liquefied natural gas (LNG) is natural gas (predominantly methane, CH4, with some mixture of ethane, C2H6) that has been cooled down to liquid form for ease and safety of non-pressurized storage or transport. It takes up about 1/600th the vol ...
. * Snam4Mobility: promotes the development of natural gas in the form of CNG (compressed natural gas), LNG (liquefied natural gas) and biomethane (100% renewable gas) as a clean, efficient and competitive fuel for light and heavy vehicles. It controls Cubogas (100%) * Snam 4 Environment: promotes
biogas Biogas is a mixture of gases, primarily consisting of methane, carbon dioxide and hydrogen sulphide, produced from raw materials such as agricultural waste, manure, municipal waste, plant material, sewage, green waste and food waste. It is a ...
and biomethane infrastructures development through its subsidiaries Renerwaste, (83%), IES Biogas (70%) and Enersi Sicilia (100%) * TEP Energy Solution (82%): one of Italy's leading enterprises in the energy efficiency sector * Teréga, a French gas pipeline company which operates gas pipelines and storage facilities in France.


Operations

In Italy, Snam is responsible for natural gas transportation,dispatching and storage as well as regasification of liquefied natural gas (LNG). Snam's assets include: * Transmission network: 32,767 km; * Compressor stations: 13; * Points of entry into the national network for imported gas: 9; * m3 of total storage capacity: 17 bmc; * Regasification terminal: 1. Investments: * Vision to 2030: 23 billion euros of investment opportunities in the 2021-2030 period in three growth areas (energy networks, energy storage and green energy projects). Peers/competitors: * Terna Group - the main electricity grid owner in Italy, responsible for high voltage electricity transmission and dispatching nationwide *
Enagás Enagás, S.A. (, originally an initialism for ) is a Spanish energy company and European transmission system operator (TSO), which owns and operates the nation's gas grid. The firm also owns four liquefied natural gas regasification terminal ...
- Technical Manager of the Spanish gas System and the main carrier of natural gas *
Red Eléctrica de España Red Eléctrica de España (; REE) is a partly state-owned and public limited Spanish corporation which operates the national electricity grid in Spain, where it operates the national power transmission system. It also holds assets in Peru, Chile ...
(REE): manages the Spanish transmission grid and acts as sole transmission agent; it is also the System Operator * National Grid (UK): operates in the regulated businesses of transmission and distribution of electricity and gas mainly in the United Kingdom and northeastern United States Market share:


Shareholders structure


Board of directors

Appointed by the Shareholders' Meeting in April 2022


Sustainability

Snam's approach to sustainability is based on
Shared Value Shared may refer to: * Sharing * Shared ancestry or Common descent * Shared care * Shared-cost service * Shared decision-making in medicine * Shared delusion, various meanings * Shared government * Shared intelligence or collective intelligen ...
, a concept elaborated by
Michael E. Porter Michael Eugene Porter (born May 23, 1947) is an American academic known for his theories on economics, business strategy, and social causes. He is the Bishop William Lawrence University Professor at Harvard Business School, and he was one of ...
in collaboration with Mark R. Kramer that explores the link between a company and its environment and their mutual interdependence. In order to create Shared Value, Snam promotes sustainable development and ESG (Environment, Social, Governance) factors integration along its entire transport, dispatchment, regasification, storage and distribution process. Snam adopts an ESG Committee, made up of independent members of the board with advisory function on the link between corporate performance and environmental, social and governance factors. In 2009 the company joined the
United Nations Global Compact The United Nations Global Compact is a non-binding United Nations pact to encourage businesses and firms worldwide to adopt sustainable and socially responsible policies, and to report on their implementation. The UN Global Compact is a princi ...
and since 2006 has published a sustainability report in accordance with the Global Reporting Initiative's guidelines. Since 2015 Snam also has published an Integrated Report, inspired by International Integrated Report Council (IIRC) principles, inside the Annual Report, and since 2018 Snam has published the Non Financial Statement according Italian Dlgs. 254 still inside Annual Report. Moreover, Snam has adhered to the Task Force on Climate-related Financial Disclosures (TCFD) in 2018 and published its first document about Climate change, “Snam for the future”. Snam operates within the reference framework of the
United Nations Universal Declaration of Human Rights The Universal Declaration of Human Rights (UDHR) is an international document adopted by the United Nations General Assembly that enshrines the Human rights, rights and freedoms of all human beings. Drafted by a UN Drafting of the Universal De ...
, the Fundamental Conventions of the ILO and the OECD Guidelines on Multinational Enterprises. Its commitment towards the environment focuses on the reduction of greenhouse gas emissions and safeguarding biodiversity. Among its social initiatives, Snam partners with
Legambiente Legambiente is an Italian environmentalist association with roots in the anti-nuclear movement that developed in Italy and throughout the Western world in the second half of the '70s. Founded in 1980 as part of the ARCI, it later became a stand-a ...
and Federparchi and, in 2012, joined the Sodalitas Foundation, which seeks to build bridges between the entrepreneurial world in Italy and the non-profit sector. In 2017 Snam established its corporate foundation – Fondazione Snam - with the aim of contributing to the social, cultural and economic growth of areas affected by Snam's activities or marked by social inequality.


See also

* Società Sportiva Metanopoli *
2022 Russia–European Union gas dispute The Russia–EU gas dispute flared up in March 2022 following the invasion of Ukraine in late February. Russia and the major EU countries clashed over the issue of payment for pipeline natural gas exported to Europe by Russia's Gazprom. In June ...
, in which EU member states sought to rapidly exclude
natural gas Natural gas (also called fossil gas or simply gas) is a naturally occurring mixture of gaseous hydrocarbons consisting primarily of methane in addition to various smaller amounts of other higher alkanes. Low levels of trace gases like carbo ...
imports from
Russia Russia (, , ), or the Russian Federation, is a transcontinental country spanning Eastern Europe and Northern Asia. It is the largest country in the world, with its internationally recognised territory covering , and encompassing one-eig ...
following Russia's invasion of Ukraine


References


External links

* {{authority control Oil and gas companies of Italy Companies listed on the Borsa Italiana Energy companies established in 1941 Italian companies established in 1941 Italian brands Eni Government-owned companies of Italy Partly privatized companies of Italy