Snam SpA receives Investment Bank Analyst Rating Update
MILAN (Reuters) -Italy's energy authority ARERA said on Friday it would give the country's gas grid operator Snam a further 800 million euros ($776.56 million) to cover rising...
MILAN (Reuters) - Italian gas grid operator Snam on Wednesday improved its guidance for full-year net profit after sales in the first half rose nearly 10% to 1.6 billion euros...
Snam SpA is an Italy-based company engaged in the management of natural gas services. The Company is diversified into four operating segments. The Transportation segment covers transportation-related gas services, including capacity management and transportation of the gas at the entry points of the gas network to the redelivery points. It owns transportation infrastructures of gas pipelines. The Regasification segment is focused on extraction activities of natural gas, its liquefaction for transport by ship and subsequent regasification. The Storage segment covers deposits, gas treatment plants, compression plants and the operational dispatching system. The Distribution segment engages gas distribution through local transportation networks from delivery points at the metering and reduction stations to the gas distribution network redelivery points at the end customers. Additionally, Snam SpA as the parent company, focuses on planning, management, coordination and control of the group.
|Average||5.208 (+25.55% Upside)|
|No. of Analysts||19|