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Italy: EIB lends EUR 300 million to Snam Rete Gas for two new gas pipelines

The European Investment Bank (EIB) has signed a EUR 300 million finance contract with Eni for the benefit of Snam Rete Gas, a company listed on the Milan stock exchange and 52.54%-owned by Eni. The EIB loan will cover nearly 50% of Snam Rete Gas’s investment cost in constructing two new gas pipelines: one in Puglia between Massafra and Biccari; the other in Lombardy between Cremona and Sergnano.

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updated
05 August 2016 - 16:18 CEST