Snam signs financing arrangement with European Investment Bank

Published by Nicholas Woodroof, Editor
World Pipelines, Monday, 28 January 2019 17:30

Snam has signed a €135 million financing with the European Investment Bank for various projects aimed at replacing and modernising some pipelines and plants for natural gas transport and storage. The goal is to make the Italian gas network safer and more efficient and flexible.

The financing, with a fixed-rate of 1.372% and expiring in December 2038, is part of the company’s strategy of optimising its financial structure, as it is complementary to bonds and bank credit lines and has a longer duration and competitive cost.

Read the article online at: https://www.worldpipelines.com/business-news/28012019/snam-signs-financing-arrangement-with-european-investment-bank/

The World Pipelines Podcast - GERG and the future of Europe's gas pipelines

A conversation about the role of GERG in European gas pipeline innovation, research, and decarbonisation strategy. Featuring Alexandra Kostereva, Operations Manager at GERG (European Gas Research Group).

Tune in to the World Pipelines Podcast on your favourite podcast app today.

You might also like

The World Pipelines Podcast - GERG and the future of Europe's gas pipelines