BAKU, Azerbaijan, January 25. Snam anticipates investment opportunities of up to 14.5 billion for the 2028-2032 period, Trend reports.
According to the company's forecast, this comes in addition to the projected total investment of 11.5 billion over 2023-2027. This brings the overall total to about 26 billion for 2023-2032.
Snam's main priority remains ensuring the reliability and resilience of our assets while actively working to reduce our carbon footprint. The company is committed to completing investments that enhance the security and flexibility of its energy system.
Furthermore, the company is placing emphasis on developing the hydrogen backbone infrastructure and expanding the CCS project. However, this is contingent on how the regulatory framework evolves and the availability of grants at both national and European levels, Snam noted.
Meanwhile, Snam's total investment for the period 2023-2027 amounts to 11.5 billion euros, reflecting a 15-percent increase compared to the 2022-2026 plan.
The focus is primarily on reinforcing transport, storage, and LNG infrastructure, along with energy transition businesses such as biomethane, CCS, hydrogen, and energy efficiency. A significant 58 percent of the net investment aligns with the UN Sustainable Development Goals (SDGs), and 37 percent corresponds to the European Taxonomy.
