Snam S.p.a.MIL: SRG

Snam, Higas Sign Exclusivity Agreement For Potential Acquisition Of Higas

· Issued by Snam S.p.a.

Snam SpA MIL:SRG:

  • SIGNS EXCLUSIVITY AGREEMENT FOR THE POTENTIAL ACQUISITION OF HIGAS AND THE CONVERSION THE ORISTANO LNG COASTAL STORAGE FACILITY INTO A FSRU

  • TO INITIATE EXCLUSIVE ASSESSMENT AND NEGOTIATION ON POTENTIAL ACQUISITION OF 100% OF COMPANY SHARES

  • ONCE FINALIZED, DEAL WOULD ENABLE INJECTION OF REGASIFIED NATURAL GAS FROM FUTURE ORISTANO FSRU INTO UPCOMING NATURAL GAS TRANSMISSION NETWORK