Reading Time: <1 minutes
Snam CEO Marco Alverà presents the 2021-2025 plan with a vision to 2030, approved by the Board of Directors’ meeting chaired by Nicola Bedin.
“With our new plan to 2025 and vision to 2030 – Marco Alverà, Snam CEO said – we continue and accelerate Snam’s evolution. Over the last six years, we have started work on the repurposing of our infrastructure, strengthened our international presence, and launched new start-ups in the energy transition Snam will progressively focus on three macro-areas: energy transport, storage, and new projects in hydrogen and biomethane. Thanks to our technical competences, green gas know-how, and capacity to execute and deliver complex projects, we aim to become a multi-commodity infrastructure company. We will play a key role in a decisive decade for the energy transition, aiming to seize new growth opportunities in Italy and internationally, leveraging on the enabling role of energy infrastructure to reach a net-zero economy.
More specifically, in the medium term, we will build the first route to transport the hydrogen from North Africa and Southern Italy to higher demand centres, consolidating Italy’s potential to become a hub for renewable energy produced in North Africa and the Middle East. We will increasingly focus on storage, and grow our investments in green gas. We will reduce our own CO2 footprint, targeting net zero on our own operations by 2040 and setting reduction objectives also for our Scope 3 emissions from associates and suppliers. Towards this path, we will continue to deliver attractive shareholder returns while keeping ESG at the centre of our strategy, in line with our purpose and to the benefit of all stakeholders.”
Over the last years, Snam has repositioned to be a key player in the major transformation underway in the energy sector.
The track record in implementing and managing projects in natural gas transport and storage, new skills in green gases and energy transition new trends, an increased international footprint in promising areas also for integrated greenfield projects, a large number of partnerships with different investors across different geographies, coupled with a strategy focused on ESG, will be key to develop the energy system of the future, competitive, safe and with zero net emissions.
Snam will be able to take advantage of new and relevant development opportunities throughout the next decisive decade, in which a strong acceleration of the energy transition is required to achieve net-zero targets with rising investments; more specifically, in energy transport and storage infrastructure, as well as in projects along the entire green gases value chain. For this reason, in addition to the plan to 2025, which includes investments already in the money today, Snam has developed a longer-term vision to 2030.