Snam S.p.A. (BIT:SRG) is considering the sale of a minority stake in its gas storage unit worth up to EUR 6 billion and is working with Goldman Sachs and Credit Suisse to study its options, two sources said. Snam pledged last month to spend as much as EUR 5 billion ($5.7 billion) by 2030 to grow its storage footprint in Italy and abroad, including plans to develop an international green storage platform. A series of infrastructure funds, including Australia's Macquarie (MQG.AX), approached Snam earlier this year to express their interest in the asset, one of the sources said. "Snam is studying various options including selling a minority stake to a financial investor to help fund expansion plans," the source said. Things are at a very early stage and no talks are under way, the source added. A Snam spokesman on December 16, 2021 said the company was currently not in talks to sell a stake in its Stogit gas storage unit. "Given the importance of storage in the energy transition the company is assessing its options to develop and grow Stogit in both natural gas and hydrogen in line with what is indicated in its business plan," the spokesman said.