Snam acquires 49.9% stake in two gas pipelines connecting Italy and Algeria via Eni’s assets

Type: Acquisition · Technology: Transmission · Country: Italy/Algeria · Announced: 2026-06-19

Snam acquired a 49.9% stake in two critical gas pipelines connecting Italy to Algeria and Tunisia in January 2023, purchasing the stakes from Eni. The Trans-Mediterranean Pipeline Company operates the Italy-Algeria pipeline, while the Trans Tunisian Pipeline Company manages the Algeria-Tunisia pipeline. This acquisition aligns with Snam’s strategy to expand its role in European energy infrastructure and leverage Algeria’s gas resources. The deal was executed under Stefano Vernier’s leadership at Snam, following Marco Alverà’s earlier advocacy for hydrogen transport via repurposed pipelines. The pipelines are key to Europe’s energy security and diversification efforts.

Counterparties

Source article