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ITEN

International strategy

In line with the principles of the European Third Energy Package, which promotes the integrated development of infrastructures and common rules for network access in different countries, and in order to take advantage of the privileged position it enjoys in Europe's gas corridors, Snam has increased its focus on the international scene in recent years.

Snam's growth abroad, which from 2012 saw the company engaged in strategic partnerships and M&A operations, led to the reshaping of its role within the European infrastructure system. Moving from its role as an operator of assets, Snam has transformed into a market facilitator, committed to promoting the development of the European gas market through the provision of new integrated services to its customers.

NATIONAL GAS PIPELINES
INTERNATIONALS ASSETS
TERMINAL LNG

SNAM TODAY

It was completed in December 2016 the sale of 49% of Gas Connect Austria from OMV, the international integrated oil and gas company based in Vienna, to the Consortium composed of Allianz (60%) and Snam (40%). The transaction is a unique opportunity for Allianz and Snam to invest in a well-established gas transportation network and essential infrastructure delivering gas to the Austrian domestic market. Given its strategic Central European location GCA also fulfills an important transportation function for several other adjacent markets.

NATIONAL GAS PIPELINES
INTERNATIONALS ASSETS
TERMINAL LNG

2015

In 2015 Snam's international development continued with the acquisition of a 20% stake in Trans Adriatic Pipeline AG (TAP), the company responsible for developing the pipeline that will run from the Turkey-Greece border to Italy along the Southern Corridor, enabling gas produced in Azerbaijan to reach European markets, through the italian infrastructure.

NATIONAL GAS PIPELINES
INTERNATIONALS ASSETS
TERMINAL LNG

DECEMBER 2014

On December 2014 Snam completed the acquisition of the stake (84.47%) held by CDP GAS in Trans Austria Gasleitung GmbH (TAG), approved by the Board of Directors on 12 September 2014. TAG, the largest import pipeline bringing Russian gas from Austria/Slovak border to Italy, is a strategic opportunity to establish reverse flow capability to Southern Germany and Eastern Europe.

NATIONAL GAS PIPELINES
INTERNATIONALS ASSETS
TERMINAL LNG

MARCH 2014

MoU signed with Fluxys which further develops the Strategic Alliance of 2012 aimed at pursuing opportunities in Europe, through projects enhancing the flexibility and security of supply in the European gas infrastructure. The joint company under consideration would combine Fluxys’ and Snam’s international assets located on the South-North and East-West corridors (with the exclusion of the Belgian and Italian domestic markets) and would play a key role as facilitator of the creation of deeper market flexibility and liquidity through an enhanced interconnection of the European gas networks and markets.

NATIONAL GAS PIPELINES
INTERNATIONALS ASSETS
TERMINAL LNG

FEBRUARY/JULY 2013

Acquisition of a 45% stake of TIGF, heading a consortium in which GIC holds a 35% stake and EDF the remaining 20%. TIGF represents a strategic platform with the aim to develop the integration of European gas markets, and can contribute to increase their liquidity and guarantee the security of supply in France and Europe.

NATIONAL GAS PIPELINES
INTERNATIONALS ASSETS
TERMINAL LNG

AUGUST 2012

MoU for developing and marketing reverse flow capacities from South to North (and vice versa) between Italy and the UK. With this agreement, both companies enhance their cooperation in the spirit of the European Third Energy Package for a further integration of European gas markets.

NATIONAL GAS PIPELINES
INTERNATIONALS ASSETS
TERMINAL LNG

FEBRUARY/SEPTEMBER 2012

Acquisition of a 31.5% stake of Interconnector UK (16.41% from eni and 15.09% from E-on), of a 51% stake of Interconnector Zeebrugge and of a 10% stake of Huberator through a joint ventury with Fluxys. This joint acquisition is a first important milestone in pursuing the aim of an integrated European gas network and follows the announcement in January 2012 that the two companies would evaluate opportunities to jointly pursue potential developments in the European gas sector, with the ultimate aim of enhancing flexibility and security of supply in Europe.

NATIONAL GAS PIPELINES
INTERNATIONALS ASSETS
TERMINAL LNG

JANUARY2012

Snam and Fluxys agree to evaluate future joint strategies, which aim to promote cross-border flows and to link the most important gas trading infrastructures in the North-West and South of Europe.

Acquisitions and divestments

Snam fosters the right conditions for fair energy costs by managing the gas system efficiently, developing infrastructure and providing integrated services for the market. It promotes the integration of the European networks, including through strategic partnerships with the biggest operators in the sector, along the main continental energy corridors.


Snam’s main investments and divestments

 

Date Type Company Press Release
13 October 2017 Acquisition Infrastrutture Trasporto Gas S.p.A. (ITG) - 100%
Terminale GNL Adriatico S.r.l. (Adriatic LNG) - 7,3%

ITG is the third player in the Italian gas transportation market and Adriatic LNG owns the regasification terminal in Rovigo, the largest LNG terminal in Italy.
pdf
7 November 2016 Demerger Italgas - Mantained a share of 13.5%
Italgas operates in the distribution of methane gas within urban networks in Italy.
pdf
15 December 2016 Acquisition Gas Connect Austria GmbH (GCA) - 49% (Joint Venture with Allianz)
GCA operates a natural gas high-pressure pipeline grid in Austria and markets transportation capacity to meet domestic natural gas demand and support export to Europe.
pdf
17 December 2015 Acquisition Trans Adriatic Pipeline (TAP) - 20%
TAP is the company established for the purpose of developing the Trans Adriatic Pipeline project, spanning from the Turkey-Greece border to Italy along the South Corridor.
pdf
19 December 2014 Acquisition Trans Austria Gasleitung GmbH - 84.47% (TAG)
TAG holds the transmission rights of the Austrian section of the pipeline that connects Russia to Italy.
pdf
30 July 2013 Acquisition Transport et Infrastructures Gaz France (TIGF) - (Joint Venture with GIC e EDF)
TIGF provides gas transmission and storage services in 15 departments in southwestern France.
pdf
26 September 2012 Acquisition Interconnector (UK) - 31.50% (Joint Venture with Fluxys)
Interconnector (UK)is the owner and operator of the subsea gas pipeline between the UK and Belgium.
pdf
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updated
13 October 2017 - 16:04 CEST