|Bid||0.000 x 1509100|
|Ask||0.000 x 3569300|
|Day's range||4.022 - 4.094|
|52-week range||3.506 - 4.506|
|PE ratio (TTM)||16.77|
|Forward dividend & yield||0.23 (5.01%)|
|1y target est||N/A|
Italian gas grid company Snam (SRG.MI) has launched a 33 million euro (£29.35 million) tender to convert its car fleet to natural gas in a sign of its commitment to develop gas fuelling stations in the country. The move comes as utilities across Europe race to embrace the fast-growing business of rolling out charging stations to meet carmaker pledges to move fleets to electric drives. Snam, controlled by state lender CDP, said in a tender it had set a Feb. 16 deadline for bids from European companies to convert its 1,500 vehicle fleet to natural gas.
Italian gas grid company Snam has launched a 33 million euro ($40 million) tender to convert its car fleet to natural gas in a sign of its commitment to develop gas fuelling stations in the country. The move comes as utilities across Europe race to embrace the fast-growing business of rolling out charging stations to meet carmaker pledges to move fleets to electric drives. Snam, controlled by state lender CDP, said in a tender it had set a Feb. 16 deadline for bids from European companies to convert its 1,500 vehicle fleet to natural gas.
Gas prices across Europe fell. The hub in eastern Austria is a major regional transfer node, taking gas from as far away as Russia and pumping it towards neighbours including Italy - its biggest recipient - as well as Germany, Hungary, Slovenia and Croatia. Russia pointed to Tuesday's accident as underlining the need for its own Gazprom (GAZP.MM) gas projects to proceed.
VIENNA, Dec (Shanghai: 600875.SS - news) 13 (Reuters) - The operator of Austria's main pipeline hub focused on Wednesday on finding the cause for a deadly blast after successfully bringing gas supplies to neighbouring countries back to normal. Gas prices across Europe fell.
VIENNA/MILAN, Dec (Shanghai: 600875.SS - news) 12 (Reuters) - An explosion and fire that ripped through Austria's main gas pipeline hub on Tuesday killed one person and injured 21 others, prompting Italy to declare a state of emergency as flows from the strategic site were cut off for most of the day. The Baumgarten site in eastern Austria, near Slovakia, is a major regional transfer node, taking natural gas from as far away as Russia and pumping it towards neighbours including Germany and Italy, Baumgarten's biggest recipient.
ROME/MILAN (Reuters) - Italy is looking to phase out all coal power plant production by 2025 and boost the role of renewable energy as it seeks to reduce its carbon footprint, the government said on Friday. Laying out its roadmap for energy policy, Rome said the aim was for green energy sources to account for 28 percent of overall energy consumption by 2030 from 17.5 percent in 2015. In particular it said it wanted renewable sources to make up 21 percent of energy consumption in the transport sector, from 6.4 percent in 2015.
MILAN (Reuters) - Italian gas grid company Snam (SRG.MI) said its net profit in the first nine months rose 18.2 percent to 755 million euros (665.78 million pounds), boosted by lower financial charges. ...
Greece aims to get binding offers from investors shortlisted for a 66 percent stake in state-controlled natural gas grid DESFA by the end of the year, two sources close to the process said on Wednesday. Under its latest international bailout with the European Union and the International Monetary Fund, Greece is selling a 31 percent stake in DESFA and Hellenic Petroleum (HEPr.AT) is selling its 35 percent stake in the grid. Spain's Regasificadora Del Noroeste (Reganosa) and a consortium of Italy's Snam (SRG.MI), Spain's Enagas (ENAG.MC), Belgium's Fluxys (FLUX.BR) and Dutch Gasunie got the green light last month to carry out a due diligence process before they submit binding bids.
A top Italian court on Monday gave the green light to build a strategic pipeline bringing central Asian gas into Europe, rejecting appeals by local authorities in southern Italy who wanted to move the landfall. The Trans Adriatic Pipeline (TAP (Shenzhen: 002826.SZ - news) ), the end piece of the $40 billion Southern Gas Corridor, is slated to bring 10 billion cubic metres of gas from Azerbaijan into the small Italian seaside town of San Foca in Puglia by 2020. Successive Italian governments have introduced measures to try and streamline permitting processes for infrastructure projects that have scared some investors away.
The Southern Gas Corridor will start pumping gas from the Caspian Sea to Europe by 2020, its backers said on Thursday, despite the risk of delays to this option for reducing dependence on Russia. Politicians and ministers meeting in Baku backed the $40 billion, 3,500-km (2,200-mile) chain of pipelines, a step towards curbing Russia's one-third share of Europe's natural gas market. The Trans Adriatic Pipeline (TAP (Shenzhen: 002826.SZ - news) ) is the project's end piece, joining up with the Trans Anatolian Pipeline at the Turkish border, then crossing Greece and Albania to reach Italy.
Azerbaijan's Absheron gas field could be used as an additional source of natural gas for the Southern Gas Corridor project to take Caspian gas to Europe, SOCAR vice president Elshad Nassirov said on Thursday. ...
Bosnia, Croatia and Montenegro have expressed a wish to connect the Ionian Adriatic Pipeline to the Southern Gas Corridor, Azerbaijan's Energy Minister Natig Aliyev said on Thursday. That means the number ...
The cost of the Southern Gas Corridor project to take Caspian region natural gas to Europe will be no more than $40 billion, Azerbaijan's Energy Minister Natig Aliyev said on Thursday. Aliyev was speaking ...