Tigf will be able to play a decisive role in the European energy scenario, helping to implement the international development strategy of the Snam group. Carlo Malacarne, number one of the company that owns most of the Italian gas pipelines, said this during a meeting with over 300 employees in Pau, France.
Tigf was purchased at the end of July by a consortium made up of Snam (45%), Gic (35%) and Edf (20%). The CFO of Edf, Thomas Piquemal, and the President of GIic Special Investments, Lim Tay Hock were also present at the appointment.
"Thanks to a business model that is perfectly integrated with that of Snam and a geographical position at the crossroads of the main gas flows in south-western Europe - writes the company in a note -, Tigf represents a strategic platform for the interconnection of markets Iberian and French with those of central-northern Europe and in perspective with Italy”.
Tigf operates in the transport and storage of natural gas in 15 departments in southwestern France. It manages a network of approximately 5 km of gas pipelines which transport 13% of the country's total gas volumes and manages 22% of the storage capacity through the two sites of Lussagnet and Izaute.
