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Outlook

The main management guidelines provide for organic growth in Italy and the consolidation of the Company’s presence in Europe, with the objective of improving supply security, flexibility and the quality of service of the entire gas system.

 

Gas demand

The most recent estimates on the evolution of natural gas demand on the Italian market predict stability compared to 2018 levels in the period 2018-2022. This is despite a progressive reduction of European domestic production, expected to be balanced by an increasing dependence on imports.

 

Investments

Snam confirms a significant investment plan, of around €5.7 billion in the period 2018-2022, of which EUR 0.9 billion has been invested 2018, to support the development of Italian infrastructure and its European interconnections with Europe ones, strengthening the security, flexibility and liquidity of the entire gas system. The Plan facilitiates the strengthening of the transportation network, aiding the completion of the creation of additional reverse flow capacity towards other European countries, and opening new flows from the Caspian region through the TAP gas pipeline.

In particular, investments in the transportation business are aimed at increasing flexibility and security of the transportation system in Italy; increasing interconnection between infrastructure and greater flexibility of gas flows in Europe; ongoing improvements to the quality of the service; additional emissions reduction initiatives.

Throughout the plan, Snam will increase its focus on the development of new businesses, such as biomethane and also the development of alternative uses of gas for transporting goods and people. This will be undertaken while committing to building natural gas-fuelled vehicle fuelling stations, with a view to boosting the number of current methane service stations, to improve service quality and guarantee a more balanced geographical distribution of the stations. Snam’s strategic plans also aim to accelerate growth in the energy efficiency sector.

The company will be able to use its international subsidiaries to promote increasing interconnectivity among European infrastructure systems, and develop greater diversification and flexibility of gas flows, while at the same time maximising the profitability of its assets. Applying a selective approach and adhering to financial policies, Snam will monitor new opportunities to invest in both domestic and international infrastructure assets, with a risk profile in line with the one of its current business portfolio.

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updated
14 November 2018 - 11:40 CET