Picture of Snam SpA logo

SRG — Snam SpA News Story

0.000.00%
it flag iconLast trade - 00:00
EnergyConservativeLarge CapNeutral

Snam says Italy reaches 90% gas storage target after latest auctions

ROME, April 23 (Reuters) - Italy's 90% filling target for gas storage facilities has been achieved following the latest allocation auctions for next winter, state-controlled gas grid distributor Snam SRG.MI said on Thursday.

Past and last auctions have allowed to reach a total allocated volume of 17.5 billion cubic metres, out of a total domestic storage capacity of just over 19 billion cubic metres.

As of today, with the filling campaign under way, the volume of gas physically present in Italian storage sites amounts to more than 46.5% of available capacity, compared with a European average of 30.6%.

Snam last month said that Italy's gas supplies should not face short-term disruptions from the Middle East crisis.

 (Reporting by Giulia Segreti in Rome, editing by Alvise Armellini)

 ((Giulia.Segreti@tr.com; +39.06.80307714;))

Recent news on Snam SpA

See all news