Snam

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Snam S.p.A.
Type Public (Società per azioni)
Traded as BITSRG
Industry Gas industry
Founded October 30, 1941 (1941-10-30)
Headquarters San Donato Milanese, Italy
Key people Lorenzo Bini Smaghi(Chairman)
Carlo Malacarne (CEO)[1]
Services Natural gas transmission, storage and distribution
Revenue €3.946 billion (2012)[2]
Operating income €2.111 billion (2012)[2]
Profit Net profit adjusted: €992 million (2012)[2]
Employees 6,051 [2]
Parent Snam [3]
Subsidiaries Stogit
Italgas
Snam Rete Gas
GNL Italia
Website www.snam.it

Snam S.p.A. (BITSRG) is an Italian natural gas infrastructure company. As of 31 December 2010, it had a market capitalization of €12.65 billion.[4] Snam was a subsidiary of Italian energy company Eni, today it is an independent society under control of Cassa depositi e Prestiti S.p.A,a pubblic company controlled by Italian Pubblic Amministration.

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History [edit]

Snam was founded on 30 October 1941 in San Donato Milanese, Lombardy, with the name "Societá NAzionale Metanodotti".

On 1 June 2001, it changed its name to Snam Rete Gas. Since 6 December 2001 it is quoted on the Milan S&P/MIB Stock Exchange.[5] On 1 January 2012 it was renamed with the original name of Snam.[6]

Subsidiaries [edit]

Snam has following subsidiaries:

  • Snam Rete Gas S.p.A.: the transmission system operator for natural gas;
  • Italgas S.p.A. and its subsidiary Napoletana Gas):the distribution group for natural gas ;
  • Stogit S.p.A.: storage of natural gas;
  • GNL Italia S.p.A.: for the regasification of liquefied natural gas.[7]

See also [edit]

References [edit]

External links [edit]