Companies & Finance

Snam completes acquisition of 7.3% of Adriatic LNG

Italian transmission system operator Snam has completed the acquisition of a 7.3% share in Adriatic LNG and 100% of ITG from Edison.
By Staff reporter 13 October 2017 0 27960

Italian transmission system operator Snam has completed the acquisition of a 7.3% share in Adriatic LNG and 100% of Infrastrutture Trasporto Gas (ITG) from Edison, Snam said in a note on Friday.

Adriatic LNG owns and operates the terminal off the coast of Italy near Rovigo while ITG operates the 83.3-km Cavarzere-Minerbio gas pipeline, which links the terminal with the Italian gas transmission network.

“This investment enables Snam to strengthen its infrastructure in Italy as well as exploit new synergies in the integrated management of the...