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Snam SpA (SRG.MI)

SRG.MI on Milan Stock Exchange

4.08EUR
15 Dec 2017
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€-0.00 (-0.05%)
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Latest Key Developments (Source: Significant Developments)

Italy's OLT LNG newly offers December capacity after Baumgarten gas hub blast
Tuesday, 12 Dec 2017 

Dec 12 (Reuters) - Italian liquefied natural gas operator OLT Offshore LNG Toscana says::MAKES DECEMBER REGASIFICATION CAPACITY NEWLY AVAILABLE AFTER GOVERNMENT STATE OF EMERGENCY (FOLLOWING BAUMGARTEN GAS HUB BLAST).  Full Article

Snam says Russia gas flows to Italy halted after Austria blast, "could resume today"
Tuesday, 12 Dec 2017 

Dec 12 (Reuters) - Italy gas transport group Snam says::ITALY GAS SUPPLIES GUARANTEED BY STORAGE.GAS IMPORT FLOWS FROM RUSSIA TEMPORARILY INTERRUPTED.SUPPLIES COULD RESUME TODAY IF FIRST DAMAGE ASSESSMENT IS CONFIRMED..  Full Article

Snam Rete Gas: allowed revenues for 2018 approved
Tuesday, 5 Dec 2017 

Dec 5 (Reuters) - Snam ::‍REGULATORY AUTHORITY APPROVED ALLOWED REVENUES OF 2018 FOR TRANSPORT, DISPATCHING AND METERING BUSINESSES, SET AT 1,947 MILLION EURO​S.‍ACTUAL REVENUES FOR 2018 WILL HAVE TO TAKE INTO ACCOUNT ACTUAL TRANSPORTED VOLUMES COMPARED TO REFERENCE VOLUME SET AT 67,2 BILLION CUBIC METERS​.- ‍RAB USED TO CALCULATE 2018 REVENUES FOR TRANSPORT, DISPATCHING AND METERING BUSINESSES SET AT 16 BILLION EUROS, INCLUDES INVESTMENTS CARRIED OUT IN 2017​.  Full Article

Snam and SGI Agree On A Joint Project For The Methanization Of Sardinia
Tuesday, 5 Dec 2017 

Dec 5 (Reuters) - SNAM SPA ::SNAM AND SGI AGREE ON A JOINT PROJECT FOR THE METHANIZATION OF SARDINIA.DEVELOPMENT AND JOINT MANAGEMENT OF SNAM AND SGI’S GAS TRANSPORTATION NETWORK TO BE MANAGED BY ONE OF SNAM’S SUBSIDIARIES.CONSTRUCTION AND COMMISSIONING OF FIRST SECTION IS ESTIMATED IN H1 2020, AFTER OBTAINING NECESSARY AUTHORIZATIONS.  Full Article

Snam Foundation And Confagricoltura Sign Agreement to Promote Social Agriculture
Thursday, 30 Nov 2017 

Nov 30 (Reuters) - SNAM SPA ::SNAM FOUNDATION AND CONFAGRICOLTURA SIGN PROTOCOL TO COOPERATE IN PROMOTING AND DEVELOPING SOCIAL AGRICULTURE PROJECTS.SELECTED PROJECTS WILL BE SUPPORTED ECONOMICALLY AND WITH FREE CONCESSION OF SOME UNUSED LAND OWNED BY SNAM FOR A PERIOD OF 10 YEARS‍​.  Full Article

Italy's Snam says S&P raises rating to BBB+
Monday, 30 Oct 2017 

Oct 30 (Reuters) - Snam says::S&P raises its rating on the company to BBB+ from BBB after the rating agency upgraded its rating on the Republic of Italy.  Full Article

Snam issues new 2027 bond as part of exchange offer​
Tuesday, 10 Oct 2017 

Oct 10 (Reuters) - Italian gas grid operator Snam says::Launches a fixed rate bond reserved to institutional investors aimed at a potential debt exchange offer​.New bond expected to be worth ‍500 million euros​.Will have an October 2027 maturity.Initial price terms: mid swap rate plus 70-75 bps​.In parallel, BNP Paribas has launched a tender offer on eight bonds issued by Snam maturing between 2019 and 2024.  Full Article

Italy's Snam launches private placement of 300 mln euro bond
Tuesday, 14 Feb 2017 

Italian gas grid company Snam says: launches private placement of 5-year bond for 300 million euros . move is consistent with optimisation process of group debt structure and cost of capital .notes will be listed on the Luxembourg Stock Exchange.  Full Article

Snam says Alessandra Pasini to become CFO
Tuesday, 27 Sep 2016 

Italy's Snam: Alessandra Pasini to become the group's chief financial officer, the company says . Pasini is Barclays Head of Investment Banking in Italy . current CFO Antonio Paccioretti will step down to become general manager at Italgas unit, the company says . the company says it has renewed its EMTN issuance programme, reducing its maximum total amount to 10 billion from 12 billion euros .company says has approved issuance of bonds for up to 1.15 billion euros by end-September 2017.  Full Article

Snam says RAB for storage business set at 4 bln euros
Wednesday, 27 Jul 2016 

Snam says:electricity watchdog set RAB for natural gas storage business at 4 billion euros.  Full Article

RPT-Austria gas blast exposes Italy weak link

MILAN, Dec 13 A deadly gas explosion in Austria has exposed a weak link in European energy security -- in neighbouring Italy.