Snam S.P.A.

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Snam is Europe’s leading operator in natural gas transport, with a network of approximately 38,000 km in Italy and abroad (Albania, Austria, France, Greece, UK, UAE). The company also deals with storage, of which it holds more than 17% of the European capacity, and regasification, with 13.5 billion cubic meters of gas per year that will rise to 18.5 billion cubic meters to 2025, thanks to the plant in Ravenna. Its medium-long term ambition is to develop and consolidate a system of energy infrastructure for a sustainable future, positioning itself as a multi-molecule operator at national and European level, focusing on innovation and enhancing the role of gas as a transition vector. Snam is among the leading Italian listed companies by market capitalisation. With its 80 years of experience in the construction and management of infrastructure, Snam ensures supply security and promotes the energy transition through investments in green gases (biomethane and hydrogen), energy efficiency, and CCS (Carbon Capture and Storage) technology. The company also creates new green areas through a benefit corporation focused on urban afforestation projects. Snam also aims to reduce direct greenhouse gas emissions by 25% by 2027, 40% by 2030, and 50% by 2032, reaching carbon neutrality (100%) by 2040. This will involve offsetting emissions that cannot be eliminated through selected offset projects, engaging affiliated companies and suppliers. Snam also aims to achieve net-zero emissions on all front, including indirect ones, by 2050. The Group is actively working on reducing natural gas emissions on 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, the enhancement of talents and diversity, and the social protection and development of territories. Total revenue 2023: € 3,875 million Adjusted EBITDA: € 2,417 million.

Company Details

Employees
3.17K
Founded
-
Address
Piazza Santa Barbara, 7, San Donato Milanese,lombardy 20097,italy
Phone
+39 02.3703.1
Email
re****@****snam.it
Industry
Utilities
NAICS
Utilities
Electric Power Generation, Transmission and Distribution
HQ
San Donato Milanese, Lombardy
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News

IGU and Snam Launch the 2025 Global Gas Report - International Gas Union

IGU and Snam Launch the 2025 Global Gas Report International Gas Union

Snam Agrees to Acquire 24.99% of Open Grid Europe - Fuel Cells Works

Snam Agrees to Acquire 24.99% of Open Grid Europe Fuel Cells Works

Snam CEO Stefano Venier to step down - Global Banking | Finance | Review

Snam CEO Stefano Venier to step down Global Banking | Finance | Review

ACWA Power and Snam Sign MoU for Green Hydrogen and Ammonia - Fuel Cells Works

ACWA Power and Snam Sign MoU for Green Hydrogen and Ammonia Fuel Cells Works

Lunate to acquire a minority stake in ADNOC Gas Pipelines from Snam - ZAWYA

Lunate to acquire a minority stake in ADNOC Gas Pipelines from Snam ZAWYA

Snam and Baker Hughes Successfully Complete First Trial for the Use of Hydrogen as Fuel in a Gas Compression Station - Baker Hughes

Snam and Baker Hughes Successfully Complete First Trial for the Use of Hydrogen as Fuel in a Gas Compression Station Baker Hughes

CDP Reti: Cassa Depositi e Prestiti Group - Cassa Depositi e Prestiti

CDP Reti: Cassa Depositi e Prestiti Group Cassa Depositi e Prestiti

Excelerate Energy, Snam, and Albgaz sign MoU - LNG Industry

Excelerate Energy, Snam, and Albgaz sign MoU LNG Industry

Accenture and Snam: Launch of a Collaboration in IOT Technologies For the Innovation and Sustainability of Energy Networks - Accenture

Accenture and Snam: Launch of a Collaboration in IOT Technologies For the Innovation and Sustainability of Energy Networks Accenture

Snam CEO 'amazed' by lengthy approval for German gas grid deal, report says - Reuters

Snam CEO 'amazed' by lengthy approval for German gas grid deal, report says Reuters

Italy’s Snam Purchases Second FSRU Ahead of 2025 Start-up - Natural Gas Intelligence

Italy’s Snam Purchases Second FSRU Ahead of 2025 Start-up Natural Gas Intelligence

White & Case advises Snam on acquisition of 24.99 percent stake in Open Grid Europe - White & Case LLP

White & Case advises Snam on acquisition of 24.99 percent stake in Open Grid Europe White & Case LLP

Offshore CO2 injection underway at Ravenna CCS in eastern Italy - Offshore Magazine

Offshore CO2 injection underway at Ravenna CCS in eastern Italy Offshore Magazine

Decarbonising Gas Networks (Part 1): Snam - Carbon Tracker Initiative

Decarbonising Gas Networks (Part 1): Snam Carbon Tracker Initiative

Snam Unit Eyes $1 Billion UK Gas Storage Facility in Irish Sea - Bloomberg.com

Snam Unit Eyes $1 Billion UK Gas Storage Facility in Irish Sea Bloomberg.com

Snam and Baker Hughes test world’s first hydrogen blend turbine for gas networks - Baker Hughes

Snam and Baker Hughes test world’s first hydrogen blend turbine for gas networks Baker Hughes

Press Release: 2023 Global Gas Report - International Gas Union

Press Release: 2023 Global Gas Report International Gas Union

Press Release: Global Gas Report 2024 - International Gas Union

Press Release: Global Gas Report 2024 International Gas Union

Snam Focuses on Green Hydrogen Technologies: Partnership launched with British ITM Power, one of the major global manufacturers of electrolysers - Fuel Cells Works

Snam Focuses on Green Hydrogen Technologies: Partnership launched with British ITM Power, one of the major global manufacturers of electrolysers Fuel Cells Works

Italy’s Snam to Raise Dividend, Increase Investments in New Plan - Bloomberg.com

Italy’s Snam to Raise Dividend, Increase Investments in New Plan Bloomberg.com

Italy’s Snam Plans to Delay Open Grid Europe Deal, Sole Says - Bloomberg.com

Italy’s Snam Plans to Delay Open Grid Europe Deal, Sole Says Bloomberg.com

Snam And Rystad Energy Release Global Gas Report - Canadian Manufacturing

Snam And Rystad Energy Release Global Gas Report Canadian Manufacturing

An innovative method for blending hydrogen into natural gas - ScienceDirect.com

An innovative method for blending hydrogen into natural gas ScienceDirect.com

Snam Raises $2 Billion in First-Ever Sustainability Linked Bond Offering Tied to Full Value Chain Net Zero Targets - ESG Today

Snam Raises $2 Billion in First-Ever Sustainability Linked Bond Offering Tied to Full Value Chain Net Zero Targets ESG Today

Eni and Snam launch Italy’s first carbon-capture and storage project - chemengonline.com

Eni and Snam launch Italy’s first carbon-capture and storage project chemengonline.com

BW LNG: Snam finalises the purchase of the 5 billion cubic metres floating regasification unit (FRSU) to be located in Ravenna from BW LNG - BW Group

BW LNG: Snam finalises the purchase of the 5 billion cubic metres floating regasification unit (FRSU) to be located in Ravenna from BW LNG BW Group

EC Confirms List of 166 Energy Projects to Meet EU Climate Objectives - Rigzone

EC Confirms List of 166 Energy Projects to Meet EU Climate Objectives Rigzone

A dynamic accounting method for CO2 emissions to assess the penetration of low-carbon fuels: application to the TEMOA-Italy energy system optimization model - ScienceDirect.com

A dynamic accounting method for CO2 emissions to assess the penetration of low-carbon fuels: application to the TEMOA-Italy energy system optimization model ScienceDirect.com

ACWA Power and Snam form green hydrogen and ammonia alliance - Offshore Energy

ACWA Power and Snam form green hydrogen and ammonia alliance Offshore Energy

Snam CEO Stefano Venier to step down - Upstream Online

Snam CEO Stefano Venier to step down Upstream Online

Snam closing in on LNG terminal’s startup as FSRU is moored in Ravenna - Offshore Energy

Snam closing in on LNG terminal’s startup as FSRU is moored in Ravenna Offshore Energy

ACWA Power strengthens US clean energy ties with $500 million in new deals - Offshore Energy

ACWA Power strengthens US clean energy ties with $500 million in new deals Offshore Energy

A dual energy dependence between Azerbaijan and Italy: ECCO's case study - Materia Rinnovabile | Renewable Matter

A dual energy dependence between Azerbaijan and Italy: ECCO's case study Materia Rinnovabile | Renewable Matter

ADNOC Announces $20.7 Billion Energy Infrastructure Deal - Ontario Teachers' Pension Plan

ADNOC Announces $20.7 Billion Energy Infrastructure Deal Ontario Teachers' Pension Plan

Italy’s Snam to launch Ravenna FSRU capacity auctions - LNG Prime

Italy’s Snam to launch Ravenna FSRU capacity auctions LNG Prime

Snam SpA (MIL:SRG) Stock Price, Trades & News - GuruFocus

Snam SpA (MIL:SRG) Stock Price, Trades & News GuruFocus

Hera and Snam together for Modena's Hydrogen Valley: 400 tons of green hydrogen per year - firstonline.info

Hera and Snam together for Modena's Hydrogen Valley: 400 tons of green hydrogen per year firstonline.info

Molecular Magnetic Resonance Imaging of Tumor Response to Therapy - Nature

Molecular Magnetic Resonance Imaging of Tumor Response to Therapy Nature

TAP's shareholder to participate in construction of new gas pipeline in Albania - Report.az

TAP's shareholder to participate in construction of new gas pipeline in Albania Report.az

Kilwinning battery plant fire. “I could see, the flames from my daughter's room'. - The Herald

Kilwinning battery plant fire. “I could see, the flames from my daughter's room'. The Herald

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