EU selects Ravenna CCS: what 500 million tonnes mean for Snam stock

Published on 10/22/2026 at 09:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Ravenna CCS is selected for EU funding with 500 million tonnes. Snam stock costs EUR 5.88 on October 22, 2026, with 4 million tonnes planned by 2030.

Carbon project and reporting date

Ravenna CCS was selected for European Innovation Fund support on October 20, 2026, with 500 million tonnes of storage capacity.
The development plan targets 4 million tonnes of carbon dioxide storage annually by 2030.
Snam stock was trading at EUR 5.88 at 9:39 a.m. CEST at Lang & Schwarz on October 22, 2026.
Snam's interim report for September 30, 2026, is scheduled for November 11, 2026.

Architektonisches 3D-Render eines modernen Energiefirmen-Bürokomplexes — Snam S.p.A. (IT0003153415) betreibt Energieinfrastruktur, symbolisiert durch dieses moderne Architektur-Render eines Bürokomplexes, Illustration mit AI erstellt.

Snam (ISIN IT0003153415) was trading at EUR 5.88 at Lang & Schwarz on October 22, 2026 at 9:39 a.m. CEST. The latest company-linked catalyst is Ravenna CCS, which was selected for European Innovation Fund support on October 20, 2026.

Ravenna CCS gains European backing

According to Eni, the European Commission selected Phase 2 of Ravenna CCS for funding under the 2025 Innovation Fund's Large Scale category on October 20, 2026. The project is being developed by Eni and Snam as an integrated system for carbon dioxide reception, transport and permanent storage.

The hub has an overall planned storage capacity of 500 million tonnes. The development plan targets 4 million tonnes of carbon dioxide storage per year by 2030, with potential expansion to 16 million tonnes in later phases. Snam is responsible for onshore transport infrastructure, including the Ravenna-Casalborsetti and Ferrara-Casalborsetti pipelines.

What does the plan mean for scale?

The figures point to an infrastructure project with a long investment horizon rather than a near-term earnings event. The 4 million tonne annual target represents the first operating milestone, while the possible 16 million tonne expansion defines the longer-term capacity ceiling.

Three dated Snam milestones

On July 29, 2026, Snam presented its first-half results, and its investor-relations page reported adjusted net profit of EUR 723 million in the company-collected first-half consensus. On October 15, 2026, Snam received the United Nations Gold Standard for methane monitoring and reduction for the sixth consecutive year. On October 20, 2026, Ravenna CCS was selected for Innovation Fund support, with 500 million tonnes of total planned storage capacity.

When are the next results?

Snam's investor-relations calendar schedules the interim financial report for September 30, 2026, for November 11, 2026, including a board resolution on the interim 2026 dividend and a conference call. The date is the next clearly listed reporting event for the company.

Stock price and investor context

The Lang & Schwarz quote places Snam at EUR 5.88 during the pre-market phase in Berlin. The price sits inside the quoted 52-week range of EUR 5.31 to EUR 6.87 from the same-day market snapshot, leaving the carbon-storage project as the clearest current company-specific theme.

Snam's business spans gas transportation, storage, regasification and newer activities such as carbon capture and storage. Its network and infrastructure portfolio make the Ravenna project relevant beyond a single funding announcement because the company would develop the connecting pipelines that link industrial areas with the storage system.

Investor calendar sets the next test

The November report should provide the next operating checkpoint for the investment program and the interim dividend resolution. Until then, the Ravenna selection supplies a quantified strategic marker: 4 million tonnes annually by 2030, with a potential path to 16 million tonnes in later development phases.

Snam was trading at EUR 5.88 at Lang & Schwarz on October 22, 2026 at 9:39 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Snam stock.