(Alliance News) - Energy stocks are the worst segment Thursday in Piazza Affari, with the sector index giving up 2.1 percent.

Tenaris is fcuing worst of all with 4.1%, retreating after two bullish sessions and positioning itself at the bottom of the list.

Snam, on the other hand, falls 3.0%. The company announced Thursday that it has approved its Strategic Plan to 2026, which calls for total investments of EUR10 billion, a 23 percent increase from the previous one for the period 2021-2025 for which they amounted to EUR8 billion.

Of this, EUR9 billion is earmarked for gas infrastructure. "Investments for the development and modernization of Snam's transportation and storage infrastructure are carried out with a view to H2 asset readiness, while certification activities continue on the existing network, which plans to reach 3,000 km by 2026, from 750 km in 2022, and verifications on storage, compressor stations and metering system," the company explained in a note.

On a positive note, however, Gas Plus is rising 0.4 percent to EUR2.49, after two closings in a downtrend.

By Maurizio Carta, Alliance News reporter

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