regasification terminals, depots and transport network – Corriere.it
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Snam launches the 2022-2026 strategic plan with total investments up by 23% to 10 billion euro (up by 23% compared to the previous plan), which aim to strengthen the infrastructures to guarantee our country’s energy security. In particular, mainly related to the commissioning of the two floating regasification terminals purchased, the construction of the Adriatic Line, and the renewal and development of gas storage.
Infrastructure
As many as 9 billion are dedicated to the gas infrastructure and mainly for the commissioning of two floating regasification terminals (the FSRU ships), the construction of the Adriatic Line to allow gas to be transported from the South (where it now arrives in abundance at the entry points Sicilians and Apulians from Algeria and Azerbaijan, with a view to diversifying from Russia), the renewal and expansion of storage.
Decarbonization
Investments in energy transition businesses amount to 1 billion. Among the green gases, biomethane is at the most advanced stage of development and is available in a short time. Investments in biomethane in the 2022-2026 plan amount to approximately 550 million and foresee over 100 MW of plants in operation by 2026 (with an expected production of approximately 200 million cubic metres). Snam’s new plan confirms its commitment to reducing emissions towards carbon neutrality by 2040.
Venier: more energy security
Snam – commented the CEO Stefano Venier in the note (read his interview with Corriere here) – will increase investments significantly compared to the past, in order to strengthen our infrastructures and contribute to the greater energy security of the country for the next few years and to the farthest horizon. 2022 was a turning point for the global energy system and in a scenario of uncertainty and extreme volatility, Snam was able to guarantee maximum support to deal with the emergency, building the conditions for the actions necessary to manage the near future .
The objectives
Regulated activity is expected to grow by more than 5% on an annual average, against the previous +2.5% and the gross operating margin is around 7%, against the previous +4.5%. The group expects net income to rise by around 3% on average per year despite the increase in interest rates, it explains in a note, while the minimum growth of 2.5% of the dividend is extended to 2026.
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