energy to inspire the world

SNAM: Italian

Infrastructure Day

Presentation

Milan, 8th September 2022

energy to inspire the world

1H 2022

Back up

Consolidated

Results

Snam to play a key role in the new energy context

energy to inspire the world

Energy

affordability

Increased

requirement for green and decarb gas

Accelerated renewables targets

Security of supply has moved higher up the agenda

New

investments and services required for resilience

Potential for new interconnections in Europe

  • Unparalleled execution capabilities
  • Diversified asset portfolio, well- positioned in Italy and Europe
  • Leader in decarbonized and green gas
  • Strong balance sheet and disciplined investment approach

3

Italian gas import capacity has ample flexibility

Entry points and national infrastructure

Gas supply by entry point, potential capacity

world

33000km of pipeline network

8 entry points

the

• 17bcm of storage capacity

Largest EU operator

energy to inspire

(*) 2021 data

Source: Snam Analysis

LAST 3Y average

2021 average volumes

Technical

Pontential additional

volumes (bcm)

(bcm)

capacity (bcm)

infrastructures (bcm)

MAZARA DEL VALLO

14,5

21,2

35,9

MELENDUGNO

7,2

15,4

1.5- 10

GELA

4,5

3,2

15,3

PASSO GRIESS

7,3

2,1

21,1 (14,3) (**)

TARVISIO

28,4

29,1

38,5

PANIGAGLIA

2,0

1,1

3,5

CAVARZERE (A-LNG)

7,4

7,3

8,0

LIVORNO (OLT)

2,8

1,4

3,8

New FRSUs

5+5

  1. Maximising imports from the first 3 import routes would require debottlenecking of Italian infrastructure (**) Capacity AT Passo Gries IP is 21,5 bcm, but due to TENP capacity reduction only 14,3 can reach Italy

2021 gas flows by source

Melendugno (TAP)

Mazara del vallo

Gela (Green Stream)

10%

Passo Gries (Tenp-Transitgas)

(Transmed)

3%

28%

Cavarzere - LNG

10%

Total

Import via pipeline

injection:

Panigaglia

1%

75,8

Import via LNG

Livorno (OLT)

2%

bcm (*)

National Production

4%

National Production

38%

Tarvisio (TAG)

Increasing flows from the South requires accelerating Italian investments

4

Italian demand and supply in H1 2022

Italian gas demand H1 2022

-1.9%

mcm

39,965

39,200

Buildings

17,603

16,536

-6.1%

Thermoelectric

14,527

15,402

+6.0%

Industry

6,868

6,556

-4.6%

Others

967

707

H1 2021

H1 2022

Gas supply in H1 2022

bcm

H1 2021

H1 2022

Change

Change (%)

(bcm)

National production

1.56

1.53

-0.03

-1.9%

Pipelines

31.26

30.81

-0.45

-1.4%

Gela

1.64

1.19

-0.45

-27.4%

Mazara del Vallo

11.18

11.53

0.35

3.1%

Passo Gries

1.12

3.78

2.66

237.5%

Tarvisio

14.63

9.29

-5.34

-36.5%

Gorizia

0.01

0.01

0.00

0.0%

Melendugno

2.68

5.01

2.33

86.9%

GNL

5.69

6.77

1.08

19.0%

Adriatic LNG

3.77

4.27

0.50

13.3%

OLT

1.15

1.71

0.56

48.7%

Panigaglia

0.77

0.79

0.02

2.6%

  • Buildings consumption decline -6.1%due to milder weather (weather adjusted -2.5%)
  • Industry demand decline 4.6% mainly driven by high gas prices (mainly energy intensive industries)
  • Thermoelectric demand +6.0% boost by lower hydroelectric production

Passo Gries

Tarvisio

RovigoAdriatic LNG

Panigaglia

(100% Snam)

Livorno OLT

Lower import from Tarvisio was offset by rising import through TAP and from Passo Gries

Significant increase of volumes from GNL

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TAP

5

Mazara del

Vallo

Gela

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SNAM S.p.A. published this content on 05 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 September 2022 14:59:00 UTC.