SUSTAINABILITY 2023 PROFILE
In the changing world, Snam's choices
Energy Infrastructure for Sustainable Future
In the changing world, Snam's choices
Key figures 2023
32,895 km
Methane pipeline in Italy and abroad
SUSTAINABILITY PROFILE
Economic highlights 2023
3,875 mln/€
Total revenues (excluding fees to cover energy costs)
Highlights 2023
Data from Financial Report 2023 and Strategic Plan 2023-2027
1,523 km
Certified H2-ready network
64.07 bln/m3
Natural gas fed into the grid
16.7 bln/m3
Total storage capacity
+1.2% vs. 2022
3.69 bln/m3
Volumes of regasified LNG
of which 1.12 billion m3 from the FSRU plant in Piombino
2,417 mln/€
Adjusted EBITDA
(+8% vs. 2022)
1,135 mln/€
Reported net profit
1,774mln/€
Technical investments
3,545 mln/€
Added value distributed to all stakeholders
3,798
Employees
2,785 mln/€
Value of goods, works and services purchased by Snam
80%
Sustainable finance percentage of total funding
2 | 3 |
In the changing world, Snam's choices
Snam's choices in a changing world
I | In line with last year's first edition, |
the "2023 Sustainability Profile" aims | |
to outline Snam's strategy in regards |
to the sustainability challenges the Group faces in the context of an increasingly complex and multifactorial energy, geopolitical, economic, environmental and social scenar- io. But it also serves another purpose: the publication of this report marks the relaunch of Snam's commitment to the area under the auspices of its new ambition, geared towards developing "energy infrastructure for a sustainable future".
We at Snam, strengthened by our positioning at European level as the only system operator active along the entire value chain - from transportation to dispatching, from storage to regasification - aim to position ourselves as a point of reference and example of sustainability in the field of the construction and management of energy infrastructures in Italy and Europe.
If 2022 was a turning point for the global energy system, then the most recent year - although continuing to highlight the energy market's volatility and the fragility of the social and economic equilibrium connected to it - have demonstrated the positive effects of the wide-ranging actions that Snam has undertaken. It has also shown the strategic importance of the Group's short, medium and long-term objectives, which the new Strategic Plan to 2027 has extended with the addition of new challenging targets. These range from reaching Net Zero by 2050 for the entire value chain to achieving a positive
SUSTAINABILITY PROFILE
impact by 2027 in regards to the ecosystems affected by the presence of the managed in- frastructures.
Despite the unstable context, emphasised by the exacerbation of the multiple challenges on the geopolitical, economic, environmental and social fronts that the international community faces on a daily basis, 2023 was a period of great operational achievements for Snam. The first part of the year saw the arrival and commissioning at Piombino of the first of the two FSRUs purchased to accelerate the country's decoupling from Rus- sian gas supplies. In the Ravenna area, in par- allel, work has started to accommodate the second regasification vessel, which will be in operation by the first half of 2025. Filled in record time, the storage facilities - due partly to counterflow services - ensured security of supply and flexibility for shippers, while the positive environmental impact assessments secured during the year will allow several sites to operate overpressure, further boosting the system's resilience.
In other words, 2023 represented a turning point for Snam, well summed up by its "am- bition": to be providers of "energy infrastructure for a sustainable future", so that the development of our traditional infrastructure itself becomes an added value for energy transition businesses. We continue to pursue all of the Group's objectives, from those related to energy security to those related to decarbonisation and the transition, in the joint interest of Italy and Europe and, above all, with a view to building cooperation and working alongside all our stakeholders, public or private, and with people always at the core - whether they work for Snam or belong to the areas we serve.
4 | 5 |
In the changing world, Snam's choices | SUSTAINABILITY PROFILE |
The Multi-molecule formula
Snam's multi-purpose approach means that the gas infrastructure businesses work alongside and are interlinked with the energy transition businesses.
NATURAL GAS
THE GROUP'S BUSINESSES
Energy transition business
BIOMETHANE | DECARBONISATION | ENERGY | ||||||
PROJECTS | EFFICIENCY | |||||||
(Includes CSS & Hydrogen) | ||||||||
Gas infrastructure business
TRANSPORTATION | STORAGE | REGASIFICATION | MOBILITY AND |
LIQUEFACTION |
THE NETWORK IS 99% | HYDROGEN |
HYDROGEN READY |
Each kilometre of the network, each plant and every other asset, whether physical
CSS PROJECTS | |||||||||||||||||||||||
TESTING HYDROGEN | (CARBON CAPTURE AND STORAGE) | ||||||||||||||||||||||
HYDROGEN GENERATION | CARBON DIOXIDE | ||||||||||||||||||||||
USAGE AND TRANSPORT | |||||||||||||||||||||||
INJECTION INTO THE | IN THE PIPELINE | PROCESSES | |||||||||||||||||||||
LNG CARRIER | |||||||||||||||||||||||
LNG REGASIFICATION | |||||||||||||||||||||||
NATIONAL NETWORK | |||||||||||||||||||||||
PLANT | |||||||||||||||||||||||
or intangible, can therefore mobilise its full potential and contribute - together with supply chains, social and economic networks and various value chains - to the sustainable development pursued by the Group. This approach ensures that security of supply and decarbonisation are not in opposition but true allies.
SNAM ACTIVITIES
OTHER ACTIVITIES
"FSRU"
FLOATING STORAGE AND
REGASIFICATION UNIT
SECONDARY LNG
TRANSPORT
GAS COMPRESSION
PLANT
SNAM SNAM DISPATCHING HEADQUARTERS CENTER
STORAGE
PLANT
• Animal droppings | FOOD | ||||
• Dedicated Crops | |||||
• Agricultural by-products | DIGESTED | ||||
• FORSU | Fertiliser | ||||
• Food Waste | High quality | ||||
CROPS | |||||
BIOGAS PLANT | ELECTRICITY | ||||
(DIGESTER) | |||||
ELECTRICITY NETWORK | |||||
BIOGAS/BIOMETHANE | HEAT | ||||
COGENERATOR | |||||
DISTRICT HEATING | |||||
CO₂ | |||||
COMPRESSION | UPGRADING | FOOD INDUSTRY | |||
BIOMETHANE | |||||
SYSTEMS | |||||
ACTIVITIES IN DEVELOPMENT
BUNKERING
ACTIVITIES
SNAM ACTIVITIES
OTHER ACTIVITIES
ACTIVITIES IN DEVELOPMENT
COMPRESSION |
SYSTEMS |
CRYO LNG | THERMOELECTRIC | MICROLIQUEFACTION | LNG GAS |
POWER PLANT | PLANT | STATION | |
GAS TRUCK | |||
METHANE
GAS STATION
REDUCTION STATION
ENERGY EFFICIENCY
CIVIL | INDUSTRIAL | TERTIARY |
USE | PLANTS | INDUSTRY |
6 | 7 |
In the changing world, Snam's choices
Sustainable strategy
In all its activities, in Italy and abroad, Snam pursues a sustainable and socially responsible growth model, aimed at creating value for the company and for the communities in which it operates.
SUSTAINABILITY PROFILE
The sustainability framework is divided into 7 strategic pillars. For each pillar, the Group has defined a clear ambition with a
2030 outlook:
Biodiversity and
Carbon 34 regeneration Neutrality
Sustainability strategy
Sustainability is profoundly integrated into the new 2023-2027 Strategic Plan, in which it takes on the role of an enabling and wide-ranging strategic lever to guide the Group in its investment decisions, and day- to-day activities, as well as in the development of corporate businesses, contributing to long-term value creation.
To this end, Snam has defined a sustainability framework which, integrated into the Group's strategy, reflects its goal of achieving a fair and balanced transition to a low-carbon economy, based on multi-mole-
cule infrastructure, decarbonisation, biodi- versity, innovation and digitalisation, while also considerate of Snam's people and local communities.
On the one hand, Snam intends to enable a safe and credible energy transition, directing huge investments in the creation of future -proof infrastructures; on the other, it wants to be a company whose approach to sustainability is as comprehensive as possi- ble, ensuring fair, inclusive and safe working conditions for its employees, collaborating with local communities and actively working to reduce emissions.
Green 1
trenasition
5 People
Transformative | 7 | 2 | Multi-molecule |
innovation | infrastructure | ||
6 Local
Communities
1 2 platform to achieve system decarbonisation and sustainable
growth through inclusive paths of changeDevelop an energy transition
Decarbonize the core business
3 by collaborating with suppliers to achieve carbon neutrality in the group's activities by 2040 and net zero emissions by 2050 for all emissions, direct and indirect
Valuing all People Snam, by
5 fostering their professional growth and promoting their harmonious and integral development in a holistic manner
Continue to generate value for
6 local communities, acting as a System Operator, paying attention to the needs of the local area
4 | Have a positive impact on nature | 7 | Spread a culture of innovation |
through targets aligned with the | among all Snam People to maximise | ||
Science Based Target for Nature | the effectiveness of technology, | ||
(SBTN) such as Net Zero Conversion | improving the safety and reliability | ||
by 2024 and Net Positive Impact by | of assets, sustainability and the value | ||
2027 | chain |
8 | 9 |
In the changing world, Snam's choices
Sustainability Scorecard
SUSTAINABILITY PROFILE
Multi-molecule infrastructure
Operational availability for gas transportation2 (%) Certified "H2 ready" network (km)
A longside the 2023-2027 Strategic Plan, Snam published its Sustainability Scorecard, which balances business
objectives with sustainability targets. In addition to being a useful monitoring tool, the Scorecard is also aimed at improving transparency in communicating the Company's
actions and commitment to stakeholders and the market and, more generally, to the public.
In fact, the Scorecard structure was revised to align it with the framework, incorporating the seven pillars, to which specific targets for 2024 and 2027 were associated.
>99% | 1,513 km | |||||
Actual 2023 | Actual 2023 | |||||
>99% | 1,900 km | |||||
Budget 2024 | Budget 2024 | |||||
>99% | 3,000 km | |||||
Target 2027 | Target 2027 | |||||
Carbon neutrality | ||||||
Expenditure out of | ||||||
Reduction of total natural | ESG criteria in procurement | RES6 out of total energy | total spending with | |||
gas emissions (%) | procedures(% expenditure) | consumed (%) | decarbonisation plans | |||
received from suppliers (%) | ||||||
-56.67% | 35% | 63% | 23% | |||
Actual 2023 | Actual 2023 | Actual 2023 | Actual 2023 | |||
-57.5% | 35% | 52-55% | 25% | |||
Budget 2024 | Budget 2024 | Budget 2024 | Budget 2024 | |||
-64.5% | 65% | 100% | 35% | |||
Target 2027 | Target 2027 | Target 2027 | Target 2027 |
Green transition | Objective completed | Objective in progress | ||
CO2 emissions avoided (ktCO2e)1 | Production of biomethane (Mscm) | Investments related to the Ravenna | ||
CCS Project Phases 1+2 (mln/€)3 | ||||
102.9 ktCO2e | 24.4 Msmc | 65 mln/€ |
Biodiversity and regeneration
Recovery of the vegetation | ||
Zero Net Conversion | Net Positive Impact | in the areas affected by the |
construction of a pipeline |
Actual 2023 | Actual 2023 | Actual 2023 |
105 k tCO2e | 20 Msmc | 120 mln/€ |
Budget 2024 | Budget 2024 | Budget 2024 |
99.9%
Target 2024
99.9%
Target 2023
99.9%
Target 2024
500 ktCO2e | 160 Msmc | 370 mln/€ |
Target 2027 | Target 2027 | Target 2027 |
Target 2027 | Target 2027 |
10 | Notes (1), (2), (3), (4): see page 13 | 11 |
In the changing world, Snam's choices
People | Objective completed | Objective in progress | |||||||||||||
Employee | Women in | IpFG (Combined | Participants in | Hours of | |||||||||||
executive and | Gender pay | ||||||||||||||
engagement | Frequency and | welfare activities | employee training | ||||||||||||
management | gap (%)6 | ||||||||||||||
index (%) | Severity Index) | (%) | (h/capita) | ||||||||||||
positions (%) | |||||||||||||||
84% | 25.9% | 0.47 | 57.9% | 37h | |||||||||||
Actual 2023 | Actual 2023 | Actual 2023 | Actual 2023 | Actual 2023 | |||||||||||
>80% | 26% | <>5 | 75% | 36h | |||||||||||
Budget 2024 | Budget 2024 | Budget 2024 | Budget 2024 | Budget 2024 | |||||||||||
>80% | 27.5% | <>5 | +/-5% | 80% | 40h | ||||||||||
Target 2027 | Target 2027 | Target 2027 | Target 2027 | Target 2027 | Target 2027 | ||||||||||
Local Communities | |||||||||||||||
Benefits for local communities on | Value delivered to local communities | Average customer satisfaction rate in | |||||||||||||
regulated revenues (%) | (bln /€) | terms of service quality (1-10) | |||||||||||||
0.4% | 1.45 bln/€ | 8.1 | |||||||||||||
Actual 2023 | Actual 2023 | Actual 2023 | |||||||||||||
~1 | >1 bln/€ | >=8.1 | |||||||||||||
Budget 2024 | Budget 2024 | Budget 2024 | |||||||||||||
~1 | >1 bln/€ | >=8.17 | |||||||||||||
Target 2027 | Target until 2027 | Target 2027 | |||||||||||||
Transformative innovation | |||||||||||||||
Investment in | Accelerated | Digitalised and | Projects covered | CapEx aligned to | Reduction of | ||||||||||
AI-enabled | by the Cyber | Scope 1 and 2 CO2 | |||||||||||||
innovation out of | start-ups after | SDGs | |||||||||||||
processes (% of | Security by Design | emissions | |||||||||||||
revenue (%) | PoC(#)8 | (% of total) | |||||||||||||
total) | approach (%) | (% v. 2022)9 | |||||||||||||
3.3% | 11 (22) | 100/10 | 61% | -10% | |||||||||||
Actual 2023 | Actual 2023 | Actual 2023 | Actual 2023 | Actual 2023 | |||||||||||
3% | 15 (25) | 100/12 | 100% | ||||||||||||
Budget 2024 | Budget 2024 | Budget 2024 | Budget 2024 | ||||||||||||
3% | 27 (30) | 100/20 | 100% | -25% | |||||||||||
Target 2027 | Target 2027 | Target 2027 | Target 2027 | Target 2027 |
SUSTAINABILITY PROFILE | ||
Financial& CO2 | ||
Sustainable finance on total financing | CapEx aligned with EU Taxonomy (% | Revenues aligned with EU Taxonomy |
available (%)* | of total) | (% of the total) |
81% | 29% | 26% |
Actual 2023 | Actual 2023 | Actual 2023 |
85%
Target 2027
Sustainable Principles
ESG issues discussed in meetings | >40% |
of the Board of Directors | of the Board of Directors' time with ESG topics |
covered | |
Third parties subjected to the procurement | 100% |
process on which reputational checks have | |
of suppliers with reputational checks carried out | |
been carried out | |
Italian territory covered by cyber resilience | 100% |
tests | of the Italian territory covered |
Note: (1) Emissions avoided to third parties thanks to biomethane activities and energy efficiency interventions; (2) Cumulative number 2023-2027;(3) Previously called "Levels of reliability on gas supplies"; (4) 99% of the network can transport hydrogen, possibly undergoing a decrease in operating pressure; (5) Certification of the suitability of the existing mesh materials for H2 transportation, in accordance with the applicable requirements in report P0027355-1-H2;(6) Renewable Energy Source calculated on the regulated perimeter. (7) Snam aims to have an index lower than the minimum of the last 3 years; (8) For equivalent organisational positions; (9) The indicated target refers to a spontaneous initiative by Snam to measure the quality of the service through an annual survey, using a scale from 1 to 10; in any case we expect a change in the methodology for evaluating service quality in the coming years. In this case the annual target will have to be modified accordingly; (10) The KPI represents both the number of accelerated start-ups and the number of Proofs of Concept (PoC); (11) Reduction calculated on the regulated perimeter.
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In the changing world, Snam's choices
SUSTAINABILITY PROFILE
Green transition
Our capacity for innovation and new activities dedicated to the energy transition are driving the path towards a more sustainable economic model that promotes a just transition.
OUR OBJECTIVES | Objective completed | Objective in progress | |||
CO2 emissions avoided (ktCO2e)1 | Production of biomethane (Mscm)2 | Investments related to the Ravenna | |||
CCS Project Phases 1+2 (mln/€)3 | |||||
102.9 ktCO2e | 24.4 Msmc | 65 mln/€ | |||
Actual 2023 | Actual 2023 | Actual 2023 | |||
105 k tCO2e | 20 Msmc | 120 mln/€ | |||
Budget 2024 | Budget 2024 | Budget 2024 | |||
500 ktCO2e | 160 Msmc | 370 mln/€ | |||
Target 2027 | Target 2027 | Target 2027 |
the Plan period, net of public funding. Part of this will go to the Ravenna CCS project, operated as a 50:50 joint venture with Eni, under which the permanent storage of 16 million tonnes of CO2 per year is expected to be achieved by 2030, thereby making an important contribution to decarbonising "hard- to-abate" industries.
Together with CCS, hydrogen represents an option for achieving decarbonisation targets and realising the energy transition. Snam works on this across three areas: 1) consolidating gas transportation and storage assets that are also hydrogen ready, 2) encouraging the districting of production and consumption through the hydrogen valley mechanism and 3) working with R&D towards enabling technologies.
All this follows in the wake of a long-term strategy whose main objectives, which converge with energy security aims, include delivery of the so-called SoutH2 Corridor, one of the corridors identified by the European Union for importing green hydrogen. Snam is working on this in collaboration with other European TSOs, with the aim of transporting green hydrogen produced in the southern
Energy efficiency
Through Renovit, an Italian platform launched by Snam and CDP Equity, certified as a B Corp and having become a Benefit Company in 2023, to promote the energy efficiency of companies, condominiums, the tertiary sector and public administra- tion, Snam plays a leading role in the energy services sector, having developed over the years a solid basis of energy performance contracts and energy requalification projects for the various stakeholders indicated. Specifically, in 2023 Renovit avoided around 57,000 tonnes of CO2 emissions and, with 300 million euros of investments to 2027, will further extend its portfolio of customers in the public and industrial sectors with the aim of exceeding 130,000 tonnes of avoided emissions over the plan's timeframe.
Furthermore, thanks to the investment plan mentioned above, Snam aims to reach a value of registered contracts by 2027 worth approximately 3 billion euros, of which more than 60% in the public sector and with long- term contracts.
Biomethane
Through its subsidiary Bioenerys, Snam plays a dual role in the biomethane business: on the one hand, it facilitates the interconnection of plants to the grid; on the other, it develops and builds plants for the treatment of municipal solid waste and agricultural raw materials.
In 2023, Bioenerys had biomethane and biogas capacity of around 41MW - 16MW in the waste sector and 25MW in the agricultural sector, and intends to reach a total capacity of 80MW and production of approximately 135 million cubic metres per year by 2027.
In 2023, Snam avoided the emission of 45.9
thousand tonnes of CO2; its target is to exceed 300 thousand by 2027.
Hydrogen and CCS
Established in 2022, the Decarbonisation Projects function manages Snam's Carbon Capture and Storage (CCS) and hydrogen projects, with the aim of accelerating their development and deployment as key levers in ensuring the achievement of European and global decarbonisation goals.
Snam intends to take the lead in the development of the infrastructure for transporting and storing CO2, for which about 350 million euros of investment is earmarked over
Mediterranean to Italy and Central Europe, potentially covering 40% of the import target set by the REPower EU Plan from 2030.
N.B. the data refer to the entire Snam Group, unless otherwise indicated. (1)Emissions avoided through the activities related to the biomethane and energy efficiency businesses. It calculates the CO2e emissions avoided by Renovit's energy saving measures on residential, industrial, tertiary and public administration buildings and the CO2e emissions avoided by using biomethane produced by Bioenerys instead of fossil gas. The latter contribution is evaluated by multiplying the biomethane volumes (scm) by its lower heating value (LHV or PCI, GJ/1000 scm) and the emission factor of natural fossil gas (from Ispra, tCO2/TJ), indicating the emissions that would have occurred with the use of fossil gas (compared to the use of biomethane). (2)Biomethane production by Bioenerys. The figure corresponds to gross biomethane production (compared to net production used in previous years). The scope of the indicator for 2023 refers to the following companies: Bioenerys Ambiente S.r.l., Bioenerys Agri S.r.l. and Iniziative Biometano (the latter removed from the portfolio as of October 2023). 3) Cumulative figure for the period 2023-2027 net of contributions, dilution and goodwill due to Eni. CapEx invested according to i) the business plan agreed between Snam and Eni, referring to the development of the storage facilities of the Ravenna CCS Project during phases 1+2 (experimental phase and industrial phase), and ii) the business plan developed solely by Snam, referring to the development of the onshore transportation system of Ravenna CCS via pipeline.
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In the changing world, Snam's choices
Multi-molecule infrastructure
In line with Snam's multi-purpose approach, the gas transportation, storage and transformation businesses operate alongside the energy transition businesses, supported by the physical and IT infrastructure.
OUR OBJECTIVES | Objective completed | Objective in progress |
Operational availability for gas transportation1 (%) | Certified "H2 ready" network (km) | |
>99% | 1,513 km | |
Actual 2023 | Actual 2023 | |
>99% | 1,900 km | |
Budget 2024 | Budget 2024 | |
>99% | 3,000 km | |
Target 2027 | Target 2027 |
N.B. the data refer to the entire Snam Group, unless otherwise indicated. (1)The target was renamed. In previous years it was "Percentage level of reliability of gas supply". The perimeter of the target refers to Snam Rete Gas. The target is calculated as: (Volume of gas injected into the transmission network - Allocated transportation capacity made unavailable) / Volume of gas injected into the transmission network. (2) Certification of the suitability of existing network materials for the transportation of H2, in accordance with the applicable requirements given in report P0027355-1-H2, defined according to the methodology described in RINA document GUI.16 'Guide for Technology Qualification Processes' dated 15.12.2016 and based on ASME standard B31.12 'Hydrogen Piping and Pipelines' (2019 edition).
Transportation
Snam transports natural gas throughout Italy via more than 33,000 km of pipelines. Managed by its subsidiary Snam Rete Gas, these provide widespread coverage of the country, ensuring continuity of supply in line with demand across the whole year and leveraging pipeline transportation, which is more efficient and reliable than road trans- port, as well as having less impact on the en- vironment.
The company has 13 compressor plants (which will rise to 14 by 2026 with the new Sulmona power plant) located across the national network that serve to maintain constant gas pressure along its entire route to ensure the regular flow of gas. In addition, it has 48 maintenance centres, 8 districts and a dispatching centre, which controls and oversees the transportation network remotely using a data-driven and risk-based approach, monitoring the health of the assets and scheduling their maintenance on a predictive basis.
SUSTAINABILITY PROFILE
Storage
Through its subsidiary Stogit, Snam manages 9 storage plants, which act in synergy with the other transportation and regasification infrastructures of the Group, contributing to the flexibility and redundancy of the national energy system and promoting the continuity of gas supplies in our country, in any day of the year.
Indeed, storage activity is essential to manage fluctuations in demand linked to seasonal dynamics, representing a strategic solution against unforeseen events or unexpected increases in demand in response to particular weather conditions. In this way, it also ensures the availability of the necessary gas quantities in order to compensate for possible interruptions or reductions in non-European supplies, or to overcome temporary crises in the gas system.
In fact, the storage system stores gas during periods of lower demand (typically in the summer period) and then delivers it at times of peak demand or in the event of a shortage or momentary interruption of imports (typi- cally in the winter period).
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In the changing world, Snam's choices
SUSTAINABILITY PROFILE
Regasification
Through its subsidiaries GNL Italia and FSRU Italia, Snam is also involved in the regasi- fication of LNG, i.e. natural gas that, once extracted, is liquefied through a specific cooling process that significantly reduces its volume, ensuring easier transportation by LNG carriers.
Built in 1971, the terminal at Panigaglia (La Spezia) was the first operational regasifi- cation plant in Italy, consisting of 2 storage tanks of 50,000 cubic metres each, vaporisation plants and a landing stage for LNG car- riers. With a view to promoting greater security and diversification of energy supplies, Snam has invested in floating regasification units or FSRUs (Floating Storage and Regasi- fication Units) since 2022.
Specifically, the Golar Tundra floating unit (Piombino), purchased in May 2022, officially entered into commercial operation in July 2023 with the arrival of the first LNG carrier, while the BW Singapore, purchased in De- cember 2023 and expected by the end of the year off the coast of Ravenna, is scheduled to enter into operation in the first half of 2025. Both floating regasification terminals have a maximum storage capacity of about 170 thousand cubic metres of liquefied natural gas and a nominal continuous regasifica- tion capacity of about 5 billion cubic metres per year.
Within the framework of the 2023-2027 Strategic Plan, Snam intends to invest in the connection works between the FSRUs and the network, in the infrastructure investments required for the relocation of the FSRU Go- lar Tundra, and in the commissioning of BW Singapore.
FSRUs are vessels located close to a port area, either at the quayside or offshore, which receive liquefied natural gas in order to store, regasify and then feed it into the national gas transportation network. They are recognised as being safe and having a low environmental impact.
LNG and sustainable mobility
The instability of gas prices, combined with the need to pursue energy independence for Italy, have led Snam to fully exploit the versatility of some of its assets. Through Green- ture, set up in 2017 to drive decarbonisation in mobility via the development of a network of C-LNG (Compressed and Liquefied Natural Gas) roadside refuelling stations, Snam has gradually extended the scope of its commitment to sustainable transport, and in 2022/2023 began creating midstream infrastructure for heavy transport in the shipping and rail sectors. Moreover, by developing infrastructure to support the use of Bio C-LNG and hydrogen, Greenture also intends to foster the energy transition of off-grid industrial and civil users, confirming Snam as a key infrastructure operator for small-scale projects.
As part of the 2023-2027 Strategic Plan, Snam expects to continue developing small- scale LNG infrastructure and expanding the networks of LNG and bio-LNG stations, and, in the future, hydrogen stations; it also expects to adapt regasification terminals to allow them to support small-scale LNG activities and construct micro-liquefaction plants and coastal storage facilities.
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SNAM S.p.A. published this content on 14 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 May 2024 14:39:06 UTC.