Ital Gas Storage S.p.A. secures €1.2 billion in financing from Morgan Stanley Infrastructure Fund and Whysol Investments for the development of a groundbreaking underground gas storage facility in Italy.
Information on the Target
Ital Gas Storage S.p.A. is a company controlled by Morgan Stanley Infrastructure Fund and Whysol Investments, dedicated to the development and management of an underground gas storage facility located in Cornegliano Laudense, in the province of Lodi. The company aims to contribute significantly to the energy infrastructure in Italy by facilitating gas storage capacity.
The facility will play a critical role in enhancing the energy supply security for the region, particularly in response to fluctuating demand and supply dynamics. The investment of 1.2 billion euros marks a substantial commitment to the gas sector and represents an innovative approach to energy storage solutions in the country.
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Industry Overview in Italy
The Italian energy sector has been undergoing significant transformations, driven by the increasing demand for energy security and sustainability. Natural gas remains a crucial component of Italy's e
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Transaction Size: $1,287M