The energy transition
23 JUNE 2020
Snam in consortium with five international funds signs agreement with ADNOC to enter the UAE networks
The transaction - amongst the world’s most important, in the sector - is aimed at the acquisition of 49% of ADNOC Gas Pipelines, a company controlled by ADNOC with an enterprise value of $ 20.7 bln, which manages the infrastructure that connects the production sites to the network and export terminals.
19 JUNE 2020
CDP and Snam to found a benefit corporation dedicated to reforestation and CO2 absorption in Italy, with the aim of planting 3 million trees by 2030
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.
10 JUNE 2020
Snam expands further into energy efficiency in deal to acquire 70% of Mieci and Evolve
Snam, through its wholly-owned subsidiary Snam4Efficiency, has signed contracts with Gemma Srl and Fen Energia SpA for the cash-based acquisition of 70% of two companies operating in the energy efficiency sector in Italy, Mieci SpA and Evolve Srl, for a total value of approximately €50 million.
4 JUNE 2020
Agreement with Alstom and Snam for the development of hydrogen trains in Italy
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.
8 APRIL 2020
Snam and RINA team up to accelerate the development of hydrogen
Snam and RINA have signed a Memorandum of Understanding to collaborate in the hydrogen sector, in order to realize the significant potential of hydrogen as a fundamental energy carrier in the fight against climate change and industrial decarbonisation.
20 FEBRUARY 2020
Agreement with SOCAR to promote sustainable energy
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.
3 FEBRUARY 2020
Snam4Mobility and Landi Renzo: agreement to boost the natural gas mobility
Snam4Mobility and the Landi Renzo Group have signed a cooperation agreement to boost sustainable mobility for CNG (compressed natural gas) in Italy. The joint initiative aims to raise users’ awareness of the benefits - both environmental and economic - deriving from natural gas and biomethane mobility.
2018 - 2019
The brand identity restyling
20 SEPTEMBER 2019
Agreement with Iren group on the share of the OLT regasification terminal
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.
26 JULY 2019
Agreement with IP for 26 new natural gas refueling plants in Italy
Snam and IP have agreed to construct an initial 26 new natural gas refueling plants, which will open across IP’s distribution network in Italy in 2020. The initiative is part of the companies’ commitment to promoting sustainable mobility.
18 APRIL 2019
Agreement with CIB, Confagricoltura, Eni, FPT Industrial, Iveco, New Holland for the development of biomethane in the Italian transport sector
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.
20 DECEMBER 2018
The Snam, Enagás, Fluxys consortium completes the acquisition of 66% of the Greek operator DESFA
The consortium consisting of Snam (60%), Enagás (20%) and Fluxys (20%) has today completed the acquisition of a 66% stake in DESFA, the national operator in the natural gas infrastructure sector, from the Hellenic Republic Asset Development Fund (HRADF) and Hellenic Petroleum for a consideration equal to € 535 million. The consortium made the acquisition through Senfluga Energy Infrastructure Holdings.
3 DECEMBER 2018
Snam acquires Enersi Sicilia to build its first biomethane plant
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.
25 JULY 2018
Snam invests in sustainable mobility: the new Cubogas is born
Snam, through the newly created company Cubogas s.r.l., wholly-owned by Snam4Mobility, has completed the acquisition of the business arm dedicated to technological solutions for natural gas supply stations of M.T.M., a Westport Fuel Systems Inc. company.
5 JULY 2018
Snam invests in biomethane and acquires IES Biogas, an Italian leader in plant construction
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%.
11 JUNE 2018
Snam signs technical joint venture agreement with Albgaz in Albania
Snam and Albgaz, the Albanian gas infrastructure operator, today signed an agreement in Tirana to create a joint venture with shared control aimed at providing related services for the operation and maintenance (O&M) of the gas pipelines in Albania. The joint venture will be 75% owned by Albgaz and 25% by Snam.
30 MAY 2018
Snam completes the acquisition of TEP, a leading italian energy efficiency company
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.
28 MAY 2018
Snam and BHGE enter into an agreement for the development of micro-liquefaction plants for sustainable mobility
Snam and Baker Hughes, a GE company (NYSE: BHGE), signed today an agreement aimed at developing micro-liquefaction infrastructure to boost sustainable mobility in heavy duty trucks and to promote sustainability in maritime transportation in Italy.
17 MAY 2018
Snam: agreement with Westport Fuel Systems to acquire compressor business for sustainable gas-powered mobility
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.
19 APRIL 2018
The Snam, Enagás, Fluxys consortium awarded the tender for the acquisition of 66% of the greek operator Desfa
The European consortium consisting of Snam, the majority shareholder with an interest of 60%, together with Enagás (20%) and Fluxys (20%), confirms that it has been awarded the tender arranged by the Greek Agency for privatization (TAIPED) for the purchase of a 66% stake in DESFA, the national operator in the natural gas infrastructure sector.
14 MARCH 2018
Snam launches a brand identity restyling
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.
2 MARCH 2018
Fluxys and Snam to become the sole shareholders in Interconnector UK
Gas infrastructure companies Fluxys and Snam acquire the 33.5% stake owned by Caisse de dépôt et placement du Québec (CDPQ) in Interconnector UK, the bi-directional pipeline linking the United Kingdom into Belgium and the Continent.
2012 - 2017
Snam’s new corporate structure
13 OCTOBER 2017
Acquisition of ITG and 7,3% of Adriatic LNG
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.
26 SEPTEMBER 2017
Memorandum of Understanding with Baker Hughes
Snam and Baker Hughes, global leader in digital services and solutions supporting the energy industry, have signed a Memorandum of Understanding aimed at launching a collaboration to develop integrated cutting-edge technology solutions across the entire gas infrastructure value chain.
31 JULY 2017
Memorandum of Understanding with Albgaz
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.
24 JULY 2017
Memorandum of Understanding with EDA THESS
Snam and EDA THESS, one of the main gas infrastructure corporations in Greece, have signed a Memorandum of Understanding for developing collaboration opportunities to support the management and development of the distribution infrastructure managed by the Greek company, in view of the upcoming final phase of the market opening.
25 MAY 2017
Framework agreement with Eni for the development of methane stations
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.
10 APRIL 2017
Memorandum of Understanding with Eustream, Naftogaz e Ukrtransgaz
Snam, Slovakia’s Eustream and Ukraine’s Naftogaz and Ukrtransgaz have signed a Memorandum of Understanding aimed at jointly evaluating opportunities for collaboration in the operation and enhancement of the gas network in Ukraine. The aim is the maintaining of the quality of natural gas transmission in Ukraine, in line with the standards of European markets, ensuring that the Ukrainian gas transmission system (GTS) is operated in a safe and efficient manner and is accessible on a transparent and non-discriminatory Third Party Access basis, in compliance with the applicable legislation.
15 DECEMBER 2016
Acquisition of 49% of Gas Connect Austria
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.
6 DECEMBER 2016
Letter of intent with Api Group for the development of methane service stations
Snam and api Group have signed a letter of intent to develop methane service stations across Italy. The aim is the establishing of a cooperation to develop up to 150 new stations within api Group’s IP commercial network, promoting the supply of alternative low-emission fuels such as natural gas.
7 NOVEMBER 2016
The separation of Italgas
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.
29 JUNE 2016
The separation of ITALGAS
Snam’s Board of Directors approved the separation of Italgas from Snam by means of a unitary and substantially simultaneous transaction that includes, inter alia, the partial and proportional demerger and, subsequently, the listing of the shares of the newly incorporated beneficiary company of the demerger, which will directly hold the entire share capital of Italgas, on the Mercato Telematico Azionario (MTA) of Milan.
27 APRIL 2016
Marco Alverà appointed as CEO
Snam’s Board of Directors, chaired by Carlo Malacarne, appointed Marco Alverà as Chief Executive Officer.
17 DECEMBER 2015
Acquisition of 20% of TAP
Snam has completed the acquisition of the 20% interest held by Statoil Holding Netherlands B.V. in the Trans Adriatic Pipeline AG (TAP). TAP is the company established for the purpose of developing the Trans Adriatic Pipeline project, spanning from the Turkey-Greece border to Italy along the South Corridor. The project will allow gas produced from Shah Deniz II in Azerbaijan to flow to European markets. This will reinforce the leading role of Italy’s infrastructure in strengthening security of supply and boosting competition among supply sources, for the benefit of the entire European gas system.
19 DECEMBER 2014
Acquisition of 84,47% of TAG
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.
30 JULY 2013
Acquisition of TIGF (from 2018 Teréga)
In the context of the energy infrastructure integration at European level, the consortium formed by Snam (45%), the Singapore sovereign wealth fund GIC (35%) and EDF (20%) complete the acquisition from Total of TIGF (from 2018 Teréga), a company active in the transport and storage of natural gas in the South West of France.
15 OCTOBER 2012
Ownership unbundling from Eni
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.
26 SEPTEMBER 2012
Acquisition of 31.50% of Interconnector (UK)
Snam and Fluxys have closed the transaction to acquire E.ON’s stake in Interconnector UK, owner and operator of the subsea gas pipeline between the UK and Belgium.Through this transaction, Snam and Fluxys each acquire 50% of E.ON’s 15.09% stake in Interconnector (UK), increasing their joint stake in the company to 31.50%.
3 AUGUST 2012
Snam and Fluxys sign a Memorandum of Understanding
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.
25 MAY 2012
The methods and terms of ownership unbundling from Eni
Italy’s Presidency of the Council of Ministers approves the decree (DPCM) defining the methods and terms of Snam’s ownership unbundling from Eni. According to the decree, Eni has to sell at least a 25.1% stake to Cassa Depositi e Prestiti (CDP) and subsequently the residual portion in Snam’s capital through transparent and non-discriminatory sales procedures.
1 JANUARY 2012
Snam’s new corporate structure
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.
The integration of all regulated gas activities
The acquisition of Italgas and Stogit
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).
Snam Rete Gas wins the 2007 Financial Statement Oscar for Corporate Governance
Snam Rete Gas wins the 2007 Financial Statement Oscar for Corporate Governance. “The company has a corporate governance structure in line with international best practices, with a clear vision of the rights of those involved in corporate life, with a well-defined definition of roles and a high quality of information”, the explanatory note says.
Publication of the first Sustainability Report
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.
The liberalisation of market and stock market listinge
Legislative Decree 164/2000 (Letta Decree)
In 2000 the Italian parliament sanctions the implementation of the European Directive (the 98/30/EC) for the liberalisation of the gas market and decides to unbundle transmission and dispatching businesses from all other activities, such as supply and sale.
Network Code and the Virtual Trading Point
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.
Stock Market flotation
On 6 December 2001 Snam shares are floated on the Italian stock exchange managed by Borsa Italiana. The placement, which takes place at a particularly delicate time on international markets, ends rapidly and with excellent results. Snam is also listed on Italy’s MIB30 index since 18 March 2002.
From Rete Gas Italia to Snam Rete Gas
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.
FOUNDATION OF GNL ITALIA
Wholly owned by Rete Gas Italia, LNG Italia is founded on 27 July 2001 in order to manage the regasification of liquefied natural gas (LNG) up to that point handled by the parent company.
FOUNDING OF RETE GAS ITALIA
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.
The development of gas infrastructure
Expansion of import pipelines from Russia, Northern Europe and Libya
Snam completes the upgrading works on import pipelines from northern Europe to transport North Sea gas and to complement the existent Dutch one. At the same time, work begins on the construction of an additional pipeline from Russia and on Greenstream, the underwater import pipeline from Libya.
Snam realizes the Transmed pipeline
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.
The country’s network is quadrupled
The network of pipelines continues to spread throughout the country. In 1961 construction begins on two major pipelines in central and southern Italy. The first one transports gas discovered in the province of Chieti to Terni and Rome and the second one gas extracted in Basilicata to the Apulian coast. Ten years later, with an overall length of 8,000 kilometres, the gas transmission network extends over the whole peninsular. In 1974, Siberian gas arrives at Sergnano (Cremona) and the commissioning of the 830-kilometre pipeline enabling import from Groningen (Netherlands) is carried out. In 1980 the pipeline network of Snam reaches an overall length of round 15,000 km.
Italy’s conversion to methane
Italy’s conversion to methane
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.
30 OCTOBER 1941
Snam is founded
The story of Snam begins on 30 October 1941: the ‘Ente Nazionale Metano’ (formed in 1940), along with AGIP, ‘Regie Terme di Salsomaggiore’ and the ‘Società Anonima Utilizzazione e Ricerca Gas Idrocarburati’ (Surgi) give life to the ‘Società Nazionale Metanodotti’ (Snam) for the construction and operation of pipelines and the distribution and sale of gas. The company’s share capital is three million liras.
28 August 2020 - 12:22 CEST