 | |
| Company type | Società per Azioni |
|---|---|
| BIT: SRG | |
| ISIN | IT0003153415 |
| Industry | Gas industry |
| Founded | October 30, 1941 (1941-10-30) |
| Headquarters | , |
Key people | Monica de Virgiliis (Chairman)[1]
Stefano Venier (CEO)[1] |
| Services | Natural gas transmission, storage and regasification |
| Revenue | €3,875 million (2023)[2] |
| adjusted €1,477 million (2023)[2] | |
| 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 S.p.A. is an Italian energy infrastructure company.[3]
As of 31 December 2023, it had a market capitalizationof€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 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).[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 32,727 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. [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 was founded on 30 October 1941 in San Donato Milanese, 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.[5] 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.[6]
Snam has following subsidiaries:
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:[12]
Investments:
Peers/competitors:
Market share:[14]
| Business | Data | Market position (Italy) | Market share (Italy) |
|---|---|---|---|
| Transport | 32,762 km of gas pipelines | 1st | > 90% |
| Storage | 12,000 million m3 of storage capacity, strategic storage excluded | 1st | > 90% |
| Regasification | > 3.5 BCM of regasification capacity of the terminal | 3rd | > 20% |
| Shareholder | Stake |
|---|---|
| CDP Reti | 31.4% |
| Romano Minozzi | 7.5% |
| Banca d'Italia | 1.4% |
| Other shareholders | 59.7% |
Appointed by the Shareholders' Meeting in April 2022
| Role | Name and surname |
|---|---|
| Chairman | Monica de Virgiliis [1] |
| Chief Executive Officer | Stefano Venier [1] |
| Director | Massimo Bergami |
| Director | Laura Cavatorta |
| Director | Augusta Iannini |
| Director | Piero Manzoni |
| Director | Rita Rolli |
| Director | Qinjing Shen |
| Director | Alessandro Tonetti |
Snam's approach to sustainability is based on Shared Value, a concept elaborated by Michael E. Porter in collaboration with Mark R. Kramer that explores the link between a company and its environment and their mutual interdependence.[16] In order to create Shared Value, Snam promotes sustainable development and ESG (environmental, social, and corporate governance) factors integration along its 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.[17]
In 2009 the company joined the United Nations Global Compact[18] and since 2006 has published a sustainability report in accordance with the Global Reporting Initiative's guidelines.[19] 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 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 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.[20]
