BAKU, Azerbaijan, January 21. Italy’s Snam company plans to invest 9 billion in gas infrastructure in its 2022-2026 Plan, Trend reports via the company.
The breakdown of the investment plan is as follows:
- 6.3 billion euros on transport (compared to 5.4 billion euros in the previous plan), including investments in upgrading the Adriatic Line and the asset health new methodology development for network replacement;
- 1.3 billion euros to expand and upgrade storage sites (compared to 1.2 billion euros the previous plan);
- 1.4 billion euros for LNG with a significant increase for the purchase of two floating regasification units and related infrastructure investments.
Investments to develop and modernize Snam’s transport and storage infrastructure are made with a view to “H2 asset readiness”, whereas certification on the existing network continues and is expected to reach 3,000 km by 2026 from 750 km in 2022, as well as assessment on storage, compression stations and measurement systems.
Snam operates 13 Compression Stations, located along the National Network, which increase gas pressure in the pipelines up to the level required to ensure flow continuity.
Snam infrastructures are managed by 8 Districts, which supervise and oversee the activities of 48 Maintenance Centers across Italy, and by a Dispatching Center that monitors and remotely controls the transport network and coordinates the compression system.
The shippers may sell and trade gas injected into the National Network, at a Virtual Trading Point, thanks to a supporting information platform.
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