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/

World Pipelines Podcast: All things Canada, with the PLCAC

Elizabeth Corner speaks to Kevin O’Donnell, Executive Director of the PLCAC, about how membership organisations benefit the pipeline sector and those who work in it, discussing events, networking, resources, training, skills development, and learning.

Listen for free today »

Five countries sign joint declaration of intent to continue work on southern hydrogen corridor

Friday 24 January 2025 09:00

Italy, Germany, Austria, Algeria and Tunisia have signed a joint declaration of intent in Rome on the Southern Hydrogen Corridor, an infrastructure project to transport renewable hydrogen for over 3300 kilometres from North Africa to Italy, Austria and Germany.

You might also like