|Bid||4.7510 x 48800|
|Ask||4.9350 x 48200|
|Day's Range||4.8480 - 4.8480|
|52 Week Range||3.9670 - 5.5920|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
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Italy is invoking the need for energy security in the face of Russian supply cuts to rush through in a matter of months a new liquefied natural gas (LNG) terminal – a process that would normally take years due to local objections and permitting. A preliminary go-ahead for the 5 billion cubic metre capacity (bcm) project in the port of Piombino in the central region of Tuscany, could come as soon as Friday, people close to the matter told Reuters. Such a big-scale project will help Italy avert a supply crunch it could otherwise face next winter, but keep it hooked on gas for longer, slowing down its transition to renewable energy.
Italy's Snam has signed a $400-million deal with BW LNG to buy a floating storage and regasification unit (FSRU), the gas grid operator said on Wednesday, as Rome rushes to find alternative supplies to Russian gas. Last year Moscow supplied 40% of Italy's imports of gas, or 29 billion cubic metres. State-controlled Snam, which last month acquired a first regasification vessel from Golar LNG, said it expected the unit, called BW Singapore, to become operational in the third quarter of 2024, once a contract with a third party currently using the unit expires and the permitting process is completed.
(Bloomberg) -- Italy’s government said Wednesday that it extended a measure to shield families and businesses from soaring energy bills.Most Read from BloombergThe World’s Bubbliest Housing Markets Are Flashing Warning SignsElon Musk Says New Tesla Plants Are ‘Money Furnaces’ Losing BillionsJuul Soon to Be Ordered Off the Market by FDA, WSJ ReportsUS Equities Waver as Traders Parse Fedspeak: Markets WrapPowell Says Soft Landing ‘Very Challenging;’ Recession PossibleDiscounts for consumers in nee