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Snam to Invest €14 Billion in Italy's Gas Infrastructure by 2030

NATURAL GAS

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.

Snam to Invest €14 Billion in Italy's Gas Infrastructure by 2030
Mar 6, 2026, 4:42 PM

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