Cassa Depositi e Prestiti has granted Snam a €200 million Esg-linked (linked to the achievement of sustainable goals) loan for the rebuilding of the Ravenna-Chieti gas pipeline.

According to a statement, the work will strengthen the infrastructure dedicated to the transport of natural gas from southern to northern Italy and will also be compatible with the transport of hydrogen: thus ensuring the safety and competitiveness of the country's energy system while pursuing the decarbonization goals outlined by the European Union.

The statement adds that the main line will be completed by 2026.

The ESG-linked financing, in particular, is linked to annual sustainability targets to the achievement of which the credit line spread is tied, and has a 4-year maturity.

This loan follows the 300 million loan granted in April 2023 by Cdp to Snam for the construction of the Adriatic Line.

(Giancarlo Navach, editing Francesca Piscioneri)