History

The benefit corporation will soon be set up and will promote and implement afforestation and reforestation initiatives on land owned by the public administration and local authorities, and will be financially supported by companies and individuals, through the selling planting services. The goal is to plant 3 million new trees by 2030.

Snam and Alstom have signed a five-year agreement to develop hydrogen trains in Italy. The agreement aims to develop, already at the beginning of 2021, railway mobility projects including both hydrogen-powered trains and the related technological infrastructure, as well as management and maintenance services.

Snam and SOCAR, a State-owned energy company of the Republic of Azerbaijan operating in Azerbaijan and other countries, signed a cooperation agreement today to study the development of renewable gases and use of sustainable energy, with a view to their delivery through the Southern Gas Corridor including Trans Adriatic Pipeline (TAP) in the future.

Snam and the Iren Group have signed an agreement related to Snam’s acquisition of the 49.07% stake in the share capital of OLT (Offshore LNG Toscana), the company which has built and manages the offshore regasification terminal (FSRU - Floating Storage and Regasification Unit) located about 22 km off the Tuscan coast between Livorno and Pisa.

Italian Biogas Consortium, Confagricoltura, Eni, FPT Industrial, IVECO, New Holland Agriculture and Snam signed a cooperation agreement to support the implementation of the biomethane decree, representing a strong growth opportunity for the country thanks to the energy’s renewable, clean, programmable and flexible properties.

Snam, through its subsidiary Snam4Mobility, acquired, for a value of approximately 2 million euro, 100% of Enersi Sicilia Srl, a company that owns the authorization for the development of a plant to convert biomethane from urban solid waste in the province of Caltanissetta, Sicily.

Snam announced that through its subsidiary Snam4Mobility and for a value of approximately 4 million euro it has acquired 70% of IES Biogas, which is one of the leading Italian companies in the design, construction and management of biogas and biomethane production plants with a market share of more than 10%.

Following antitrust clearance, Snam completed today the acquisition of an 82% controlling stake in TEP Energy Solution (TEP), one of Italy’s leading enterprises in the energy efficiency sector, for a total consideration of approximately 21 million euro.

Snam signed through its subsidiary Snam4Mobility an agreement to acquire the business arm operating in the design, development and production of technological solutions for natural gas fuelling stations for the automotive sector of M.T.M., which is controlled by the Westport Fuel Systems group.

Snam has launched its brand identity restyling, renewing its logo and brand values to project the company towards future challenges, from the construction of infrastructure guaranteeing stable and safe energy supplies to the development of gas as a renewable source. Our strategic repositioning revolves around one key message – “energy to inspire the world”. It takes place after our 75th anniversary and at the time of an increasingly global market characterized by changes and innovations that are transforming energy and environmental scenarios.

Snam has completed the acquisition of 100% of the issued share capital of Infrastrutture Trasporto Gas S.p.A. (ITG) and a 7.3% quota of the capital of Terminale GNL Adriatico S.r.l. (Adriatic LNG) from Edison. This investment enables Snam to strengthen its infrastructure in Italy as well as exploit new synergies in the integrated management of the gas system.

Snam and Albgaz, Albania’s gas infrastructure operator, have signed a Memorandum of Understanding for developing collaboration opportunities to support the start and development of the infrastructure system that will be managed by the Albanian company, in connection with the gas market development that will be launched with the TAP pipeline crossing the country.

Eni and Snam have signed a framework agreement for the development of methane gas stations in Italy. The partnership aims at developing new compressed natural gas (CNG) and liquefied natural gas (LNG) plants within Eni’s national network of stations, favouring the supply of low-emission alternative fuels such as natural gas.

OMV, the international integrated oil and gas company based in Vienna, has completed today the sale of a 49% minority stake in Gas Connect Austria GmbH (GCA) to the Consortium composed of Allianz, Europe’s largest insurer, and Snam. The acquisition, completed through a jointly controlled vehicle owned 60%/40% by Allianz and Snam, will support the development of the Austrian gas infrastructure system.

Snam and Italgas confirm the efficacy of the demerger and the consequent start of trading of the ordinary shares of Italgas on the MTA (Electronic Share Market) organized and managed by Borsa Italiana S.p.A.

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• Demerger of Italgas and Snam

Snam’s Board of Directors, chaired by Carlo Malacarne, appointed Marco Alverà as Chief Executive Officer.

Snam acquires from CDP Gas S.r.l. 84.47% (equivalent to 89.22% of the economic rights) of Trans Austria Gasleitung GmbH (TAG), the company that owns the Austrian section of the gas pipeline linking Russia and Italy: in line with the international development strategy launched in 2012, the transaction strengthens Snam’s role in Europe’s East-West energy corridor, with a view to ever deeper integration of the continent’s gas networks.

Cassa Depositi e Prestiti completes the closing of the acquisition of 30% minus one share of the voting capital of Snam held by Eni. Consequently to the sale, Snam is no longer subject to the control and management and coordination of Eni and operates under ownership unbundling in compliance with the provisions of DPCM of 25 May 2012.

Snam and Fluxys, Belgian partner in gas transmission, sign a Memorandum of Understanding for developing and marketing reverse flow capacities from south to north between Italy and the UK. With this Memorandum of Understanding, both companies enhance their cooperation in the spirit of the EU Third Energy Package for a further integration of European gas markets.

The Company changes its naming from Snam Rete Gas to Snam and confers the transmission, dispatching, remote control and gas metering business to a new company that, taking into account the notoriety of the brand which identifies the leading operator in the transport business in Italy, is named Snam Rete Gas.

Snam consequently becomes a corporate company wholly owning four operating companies that focus on the management and development of their respective businesses, while the new transportation company is configured as an Independent Transmission Operator, as defined in Italy’s enforcement of the Third Energy Package of the European Union. This directive also provides the Snam group to adopt communication policies not generating any confusion with the identity of the vertically integrated company. The new Snam trademark is the result of the reworking of the historic logo of the 1940s, which emphasises the company's strategic role in view of future development and growth programmes, and recovers its original traits and the universe of reference values.

Snam Rete Gas acquires the complete control of Stogit and Italgas from Eni for 4.509 billion Euros. The operation creates a new group representing the leading integrated operator in the regulated gas sector, the largest in continental Europe by amount of capital invested for regulatory purposes or RAB (regulated asset base).

Continuing more than a decade of commitment with its Health, Safety and Environment Report, Snam Rete Gas publishes its first Sustainability Report, being sustainable development for Snam the core of a continuous improvement process that can guarantee long-lasting results and benefits in terms of reputation and business.

On 1 July the Authority for Electricity and Gas Authority approves, with resolution 75/03, the Snam Rete Gas Network Code, which defines the set of rules for access and use by users of the gas transmission service. On 1 October the ‘Virtual Trading Point’ is also launched on the Snam Rete Gas website, from which customers can perform bilateral purchase of gas on a daily basis.

In anticipation of its stock market listing, Rete Gas Italia is renamed Snam Rete Gas. The new name combines the history of Snam, the company that led Italy’s conversion to methane, with the specific new activity of a natural gas transmission company, emphasising the continuity of values and skills, along with the corporate culture of safety and environmental protection.

Rete Gas Italia is founded before the new Italian and European regulations come into force. The company takes over Snam’s technological assets and its wealth of expertise in the transport of natural gas.

In 1983 works conclude on the Transmed pipeline, that sets records in terms of speed of construction and length, being one of the longest in the world and transporting gas for over 2,400 kilometres from Algeria across the Mediterranean up through Italy from Sicily to Lombardy.

During the war, natural gas becomes a crucial to Italy’s energy need. A huge amount of steel, despite a high demand by the war industry, is used to build the first pipeline bringing gas from the wells of Salsomaggiore (Parma) to Lodi and Milan. The pipeline network covers a total of 257 kilometres in 1948, rising to more than 700 by 1950, 2,000 in 1952 and 4,600 in 1960, mainly in the Po Valley.