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.
Natural gas is an accessible energy source
Natural gas will be an increasingly accessible energy source, given the presence of considerable reserves in areas close to Europe and the growth of the worldwide liquefied natural gas market, which has increased availability at reduced prices.
In this context, the network of existing infrastructures for transport, storage and distribution, and those under development and construction, will make Italy the European gas hub, guaranteeing the energy system flexibility, programmability and affordability. This is also due to a gas electrical generation capacity which in Italy is already widely available and extremely efficient.
03 April 2019 - 12:20 CEST