Italgas S p A : With an ever stronger and “smarter” network, Italgas creates value on the path of energy transition

The intuition behind the new Strategic Plan is that the gas infrastructure of Italgas - which already has a key role in terms of extension and level of penetration - should be strengthened through operating investments, acquisitions and inclusion of new geographical areas to be gained through tenders. At the same time, the network must become ever 'smarter' through technological innovation and digitization.

To this purpose, the Plan includes a range of projects that will lead Italgas to invest a total amount of 7.5 billion euros over the 2020-2026 period.

Italgas will thus be able to make a significant contribution to the energy transition path towards decarbonisation that is taking place in Europe. To transport renewable gases, such as biomethane or hydrogen gas networks need to be suitably digitized. Through the storage capacity they provide, gas networks can also represent an effective tool to ensure to the system the flexibility that the increasing use of renewable energy will require.

The Plan has been conceived to create value in a sustainable way. The capital allocation is structured on the basis of investments with visible returns; therefore, strong cash generation, combined with a consolidated financial discipline, will allow Italgas to grow while creating value.

Last but not least, the dividend policy has been designed to allow shareholders to share the benefits of growth.