Brief: Nuclear resurgence in Italy won't greatly affect Snam gas demand scenario, CEO says

VERBUND AG

07/11/2024 10:58

Nov 7 (Reuters) - Snam  SRG.MI  CEO Stefano Venier and
CFO Luca Passa tell analysts:
    * SNAM CEO: GROUP SIGNED MOU WITH ALGERIA'S SONATRACH,
AUSTRIA'S
VERBUND TO STUDY GREEN HYDROGEN PRODUCTION IN ALGERIA
    * SNAM CFO: EXPECTS CONTRIBUTION FROM ASSOCIATES AT JUST
BELOW 300
MILLION EUROS IN THE WHOLE 2024
    * SNAM CFO: EXPECTS COST OF DEBT TO STAY AROUND 2.5% FOR THE
REST
OF THE YEAR
    * SNAM CEO: POTENTIAL REINTRODUCTION OF NUCLEAR POWER IN
ITALY
WILL NOT HAVE BIG IMPACT ON GROUP'S GAS DEMAND  SCENARIO
    * SNAM CEO: THERE ARE INTENSIVE CONVERSATIONS BETWEEN
UKRAINE,
AZERBAIJAN OVER HOW SOLVE UKRAINE GAS ROUTE ISSUE
    * SNAM CEO: EVEN IF UKRAINE GAS ROUTE CLOSES, EUROPE CAN
LEVERAGE
ON MANY LNG FACILITIES TO COVER GAS NEEDS
    * SNAM CEO:  GAS FLOWING TO EUROPE VIA UKRAINE ROUTE IS
AROUND 15
BCM, CAN BE COVERED EASILY WITH LNG


Further company coverage:  SRG.MI 

 (Reporting by Milan Newsroom)