According to the EIB, the Investment Programme includes the development of dedicated pipelines to connect biomethane production facilities directly to Italy’s gas transmission network.

The aim is to contribute to decarbonise the natural gas uses by directly connecting biomethane producers to the existing network.

The investments will help decarbonise by directly connecting biomethane producers to the existing natural gas network in Italy. The Investment Programme contributes to the integration of low-carbon gas and thus reduces carbon externalities. The Project contributes to maintaining or increasing security of supply by diversifying energy sources. Security of supply can be considered as a public good. The investment is in line with the REPowerEU plan, which has set an ambitious target for biomethane production at 35 billion cubic meters (bcm) per year by 2030.

The programme will lead to 239 km of new pipelines for renewable biomethane and a total of around 12,000 GWh/year of low carbon energy being transported. The economic benefits and broader social benefits are rated "excellent". The recovery of such investments is met via the regulated return of the transmission system operator. The Promoter is experienced and capable to ensure very good governance of implementation and operations.

As stated by the EIB, Snam is a leading European operator in gas infrastructure, focusing on transportation, network exceeding 40,000 km across Italy and abroad; in storage, holding one-sixth of the European Union's entire storage capacity; and in regasification, where it currently ranks as the third largest European player, managing (or co-managing) an annual capacity of 28 billion cubic meters.. Snam is among the top listed Italian companies by market capitalisation

No project contacts provided at the time of disclosure.

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