Snam's Strategic Plan: Investing Billions in Energy Transition and Infrastructure Expansion
Key Ideas
- Snam's 2025-2029 Strategic Plan includes investments totaling 12.4 billion euros, focusing on transport, storage, LNG infrastructure, and energy transition businesses.
- The company foresees further investment opportunities of up to 14.7 billion euros between 2030 and 2034, totaling approximately 27 billion euros over the 2034 horizon.
- Snam expects an increase in adjusted net profit for 2025 to 1.35 billion euros and plans to enhance its dividend policy, with confirmed annual increases and a focus on project completion and energy system safety.
- Snam is looking to expand its projects into hydrogen infrastructure, maintain asset reliability, develop CCS projects, and create a virtual corridor for CO2 shipping in liquefied form, targeting Southern Italy and neighboring countries.
Snam's strategic plan outlines significant investments in energy transition and infrastructure expansion. The company plans to invest 12.4 billion euros from 2025 to 2029, with a focus on enhancing transport, storage, LNG infrastructure, and energy transition businesses. Additionally, between 2030 and 2034, Snam foresees further investment opportunities amounting to 14.7 billion euros, bringing the total planned investments to around 27 billion euros by 2034. The company aims to improve its dividend policy, increase adjusted net profit, and focus on completing projects related to energy system safety and flexibility. Snam plans to invest in hydrogen infrastructure, asset reliability, CCS projects, and a virtual corridor for CO2 shipping, expanding its reach to neighboring countries.