Responsability towards everyone
Snam stands as a unique entity which operates to provide a service to Italy, thus ensuring the necessary conditions for economic development and industrial growth.
Future scenarios see the economic and population growth of the emerging countries as the main factors driving the world's energy demand, and of which China, India and other Asian countries will absorb around 80% of the increase expected by 2040. In this context, natural gas will continue to play a leading role in the evolution of the energy mix, albeit with different roles in different geographical areas. If, in fact, natural gas in non-OECD countries is mainly responsible for supporting economic development by integrating coal and oil, in Europe and in Italy, where it already has a significant presence in the energy mix, it can help guarantee the progressive decarbonisation of the economic and social system, together with non-programmable renewable sources such as wind and photovoltaics.
Snam, unlike most of the companies on the market, does not operate in a competitive situation, but rather stands as a unique entity which operates to provide a service to Italy, thus ensuring the necessary conditions for economic development and industrial growth.
Snam’s activities, such as high-pressure gas transmission, have high capital intensity and are tightly regulated. Similarly the infrastructure is by its nature a monopoly and, for this reason, many of Snam’s activities constitute an asset to the community and should be planned over the long term.
Snam’s responsibilities include managing the natural gas system in Italy, ensuring its safety and minimising the risk of service discontinuity. Snam’s role is absolutely crucial for the development of the country and its success is critical for Italian citizens and the national industrial system.
This role of great responsibility towards the country is also reflected in the company’s willingness to implement a sustainability strategy based on shared value. For example, Snam makes some of its spaces and its knowledge available for the benefit of local communities, and strives to develop technology partnerships to benefit local areas.
Snam for the energy transition
Snam has developed future energy scenarios in which it has outlined its business strategy in line with the European and national decarbonisation objectives and with an ever increasing commitment to energy transition.
In conjunction with Terna, Snam has developed the “Document Describing the 2019 Scenarios”, a preliminary study for the preparation of transmission and transportation network development plans in the electricity and gas sectors nationally. This study develops joint Snam-Terna energy scenarios showing how technological development together with collaboration and synergies between the electricity and gas industries could be the key for reaching the emission reduction targets. The scenarios put forward, in a context of economic growth, highlight how the European decarbonisation objectives will lead to the increasing use of green gases, such as hydrogen, biomethane and synthetic methane, partly replacing natural gas, not only in thermoelectric power plants, but also in end uses: civil, industrial and transport.
27 May 2020 - 16:47 CEST