Cathay FTSE Emerging Markets ETF (00736)

Overview

Gas Plus S.p.A. is a prominent player in Italy's natural gas sector, focusing on the exploration and production of natural gas. Founded in 1960 and headquartered in Milan, Italy, the company has developed a significant presence in the natural gas market, leveraging its expertise to explore, produce, distribute, transport, and store natural gas. It operates as a subsidiary of US.FIN. S.r.l., indicating its integration within a larger network of energy-related businesses. By the end of 2020, Gas Plus S.p.A. had solidified its position in the industry with total 2P hydrocarbon reserves amounting to 3.765,8 million cubic meters of gas equivalent. This extensive reserve base underscores the company's substantial role in ensuring the availability and reliability of natural gas supplies in Italy.

Products and Services

• Exploration and Production
  

  Gas Plus S.p.A. is actively involved in the exploration and production of natural gas, signifying its contribution to discovering and extracting natural gas resources. This core activity enables the company to maintain and expand its hydrocarbon reserves, ensuring a steady supply of natural gas for Italy's energy needs.

• Distribution and Transport
  

  The company plays a crucial role in the distribution and transport of natural gas, facilitating the delivery of this essential energy source from production sites to consumers and businesses across Italy. This service ensures the efficient and reliable distribution of natural gas, supporting the country's energy infrastructure and economic activities.

• Storage
  

  Gas Plus S.p.A. is involved in the storage of natural gas, which is a critical component of energy security and supply stability. By storing surplus gas during times of low demand, the company can help manage supply fluctuations, meet peak demand, and ensure a continuous energy supply.

• Sales of Methane Gas, Oil, and Condensates
  

  Beyond its natural gas operations, Gas Plus S.p.A. also engages in the sale of methane gas, oil, and condensates. These activities enable the company to diversify its product offerings and meet a broader spectrum of energy needs. The sale of these products contributes to the company's revenue streams and reinforces its position in the energy market.