Italy: Snam ups investment, eyes small-scale LNG development

By LNG World News LNG cargo unloading at the Panigaglia plant (Image courtesy of GNL Italia)The Italian natural gas transmission system operator, Snam, intends to study the development of small-scale LNG business and to up its investment over the 2017-2021 period.
The company expects an annual net income growth of 4 percent on average, with investment over the period to reach €5 billion (Approx: US$5.3 billion).
Out of the €5 billion planned investment, €4.7 billion will be spent on further developing the Italian gas network and its interconnection with the European infrastructure system, while €270 million has been earmarked for the Trans Adriatic Pipeline (TAP)

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