|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||5.08 - 5.15|
|52-week range||4.16 - 5.40|
|Beta (5Y monthly)||0.48|
|PE ratio (TTM)||11.45|
|Earnings date||15 Mar 2022 - 21 Mar 2022|
|Forward dividend & yield||0.25 (5.01%)|
|Ex-dividend date||24 Jan 2022|
|1y target est||5.19|
As world leaders hammered out a deal last week to slow climate change, gas engineer Michele Ricciardi was digging into a practical problem: How thousands of miles of pipelines across Italy and Europe can safely carry hydrogen. The Italian is at the forefront of gas carriers' efforts to prepare for a lower carbon future: If fossil fuels are phased out in coming decades, natural gas companies believe that should not mean the infrastructure that carries them must go too. The hydrogen project - involving Italy's Snam SpA, Spain's Enagas S.A. and Germany's Open Grid Europe (OGE) among others – would rely on vast solar farms as far flung as the Sahara desert to create the energy needed to produce hydrogen from water.
Italian gas group Snam raised a methane-cutting target after posting a 14.9% jump in revenues in the first nine months boosted by higher gas volumes and energy transition business. Europe's biggest gas transport group said on Thursday it now aimed to cut methane emissions by 55% by 2025, from 2015 levels, compared to a previous 45%. In a statement, Snam said revenues in the period of 2.334 billion euros ($2.7 billion) were boosted by higher investments as the amount of gas transported rose on higher demand and colder weather.
The COP26 climate conference in Glasgow ought to agree a definition for blue hydrogen to help producers trade it, the CEO of gas infrastructure group Snam said on Saturday. "At COP26 we need to define what blue hydrogen means, because if you have blue hydrogen with little CO2 capture and a lot of methane leakage, it is very damaging," CEO Marco Alvera told the Saudi Green Initiative forum in Riyadh. "Blue hydrogen must be defined, has to be certified, so the people producing very low or no carbon and no methane leaking in the hydrogen can have a tradable market," he said.