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November 29, 2021Snam plans to install the first

hydrogen network of 2,700 km

from South to North in Italy by 2030 and investments to "make Italy a Mediterranean 'hub' towards Europe".



"We foresee in the medium term the construction of the first hydrogen transport route from North Africa and Southern Italy to the points of greatest demand, giving Italy a role as a hub for renewable energy produced in North Africa and the Middle East", he specifies Marco Alverà, CEO of Snam, presenting the 2021-2025 Plan and the Vision to 2030.



€ 23 billion

expected to

be invested by 2030 for the transformation of Snam from " gas

infrastructure companies to

energy and green infrastructure companies

". Investments will be concentrated in transport, storage and green projects on hydrogen and biomethane.



Between 2021 and 2025 investments are planned for 8.1 billion (700 million more than the Plan prior to 2024)." With the new plan to 2025 and the vision to 2030 we continue and accelerate the evolution of Snam. Over the past six years we have initiated the repurposing of our infrastructures, strengthened international development and launched new start-ups in the energy transition. Snam will progressively focus on three macro areas of activity:

transport, storage and new projects in hydrogen and biomethane

", said Snam's CEO, commenting on the strategic plan for 2025.



"Thanks to our technical skills, our know-how in green gases and our ability to carry out and manage complex projects, we aim to become a 'multi-commodity' infrastructure company. We will play a central role in a decisive decade for the transition. energy, with the aim of seizing new development opportunities in Italy and abroad, leveraging the enabling role of infrastructures to achieve an economy with net zero emissions ", he underlines.



"In particular, we foresee in the medium term the construction of the first hydrogen transport route from North Africa and Southern Italy to the points of greatest demand, giving Italy a role as a hub for renewable energy produced in North Africa and the Middle East. . We will increasingly focus on storage and increase our investments in green gases ". In addition, Alverà concludes, "we will reduce emissions related to our activities by reaching the corporate goal of

net zero by 2040

and we will extend the reduction commitment also to investee companies and suppliers with a new target of 2030 on Scope 3 emissions. In this process we will continue to guarantee interesting returns for our shareholders and to give centrality to ESG issues in our strategic choices, in line with the our purpose and for the benefit of all stakeholders ''.

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