Snam S.p.A. is an Italian energy infrastructure company based in San Donato Milanese near Milan and listed on Borsa Italiana under the symbol SRG. It describes itself as Europe's leading operator in natural gas transportation, with a network of approximately 38,000 kilometres in Italy and abroad, and organises its regulated business around transportation, storage and regasification, with additional activity in biomethane, energy efficiency, hydrogen and carbon capture and storage.
Transportation network and market position
Gas moves along the Italian peninsula through a transmission grid that the company says covers the country comprehensively and extends into other European markets. Snam reports that it holds about one sixth of the European Union's total gas storage capacity and ranks as the third largest European player in regasification, where it manages or co-manages annual capacity of 28 billion cubic metres. Flow management is directed from a dispatching room whose staff monitor and remotely control pipelines and compressor stations 24 hours a day throughout the year, balancing supply against actual demand. The company also publishes the ten-year network development plans, tariff documents and capacity procedures that accompany its role as a regulated transmission system operator.
Regasification terminals and the Adriatic Line
Snam's regasification portfolio mixes an onshore plant with floating units.
- Panigaglia: an onshore liquefied natural gas plant where LNG is regasified to support Italian supply security.
- Piombino: the Italis LNG floating storage and regasification unit, bought by Snam in June 2022, a vessel 293 metres long and 40 metres wide that can hold about 170,000 cubic metres of LNG and regasify 5 billion cubic metres a year.
- Ravenna: the BW Singapore, purchased in July 2022 and built in 2015, a 292 metre by 45 metre unit able to store 170,000 cubic metres and regasify 5 billion cubic metres a year.
- Adriatic Line: a pipeline project that Snam describes as the largest Italian gas transportation scheme of the last decade, designed to add 10 billion cubic metres a year of capacity on the south-to-north route between Sulmona in Abruzzo and Minerbio in Emilia-Romagna.
History and group shape
Snam's own corporate pages date its activity to 1941 and describe a continuous evolution in connecting countries and communities. Storage uses depleted gas fields, which the company presents as the backbone of winter supply security and of flexibility against interruptions in imports. Alongside the regulated businesses, the group lists subsidiaries and affiliated companies in gas compression and environmental services, and positions the methane network as infrastructure that can also carry decarbonised gases, principally biomethane, while the Ravenna area hosts the group's carbon capture and storage initiative. Management has committed the group to carbon neutrality for direct emissions by 2040 and to net zero across all emissions, including indirect and supply chain emissions, by 2050.
Financial results and 2026 activity
Snam's investor pages present the group's 2025 financial results together with its 2026-2030 strategic plan, quoting revenues of 3,885 million euro, adjusted net profit of 1,422 million euro and investments of 2,758 million euro for the 2025 financial year. On 29 July 2026 the company presented first-half 2026 results to the financial community, confirming full-year guidance while improving its net debt target. The release noted that domestic gas demand was growing and that storage filling levels stood at 75 per cent at the end of July, and the chief executive, Scornajenchi, said investments had been increased to strengthen Italy's energy security, diversify supply routes and support a more integrated European energy system. Shareholders met for the annual general meeting on 29 April 2026. The company publishes its regulated information through the E-Market SDIR and E-Market Storage systems.