Snam to Invest €14 Billion in Italy's Gas Infrastructure by 2030
Snam plans to invest €14 billion in gas infrastructure through 2030, focusing on storage and LNG terminals. Under CEO Agostino Scornajenchi, the strategy includes divesting €1.6 billion in non-core assets and selective acquisitions worth €1.2 billion. Snam reported a 10.3% rise in adjusted net profit to €1.42 billion and anticipates a profit of €1.45 billion by 2026, with annual growth of 4.5% until 2030. Italy's gas storage is currently at 45% capacity, providing a buffer against supply disruptions amid regional tensions.
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Snam plans to invest €14 billion in its gas infrastructure by 2030, focusing on storage assets and liquefied natural gas terminals. The company aims to divest €1.6 billion in non-core assets and pursue selective acquisitions worth €1.2 billion.
Snam reported a 10.3% increase in adjusted net profit to €1.42 billion, forecasting a profit of approximately €1.45 billion for 2026 and an average annual growth of 4.5% until 2030. Currently, Italy's gas storage facilities are at 45% capacity, providing resilience against supply disruptions, with Italy receiving gas from North Africa and LNG terminals.
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