Ital Gas Storage

What Ital Gas Storage does

Ital Gas Storage S.p.A. (IGS) is Italy's first independent natural gas storage operator, providing strategic underground storage services through its Cornegliano Laudense facility in Lodi province. The company owns and operates subsurface storage infrastructure including injection and withdrawal wells organized in Cluster A and Cluster B, central processing areas, compression systems, and gas treatment facilities, with the site connected to Snam's national gas transmission network and Terna's electrical grid. IGS offers a portfolio of storage products including peak modulation services (Servizio di Modulazione di Punta), weekend arbitrage products (Servizio WeekEnd+), seasonal optimization (Servizio Summer vs Summer Y+1), backflow filling, and residual inventory services, with working gas capacity expanding from 2.59 million MWh (TY 2023/2024) to 3.85 million MWh (TY 2026/2027). The company's SWΛP! commercial portal serves as the primary digital customer interface for nominations, program management, and capacity allocation.

IGS generates revenue through ARERA-regulated capacity-based tariffs comprising three components: space charges (Cs), injection capacity (Ci), and withdrawal capacity (Ce), with services allocated through competitive annual auctions for each thermal year. The company serves enterprise customers in the natural gas trading, importing, utility, and industrial sectors, contributing approximately 20% of Italy's gas supply gap and operating as critical national energy infrastructure. The business model is B2B enterprise sales with mandatory registration, qualification, and Storage Code compliance for all customers. IGS is privately held with €10,000,000 share capital, raised over €1 billion for facility construction, and completed a ~$927.7M financing round in July 2025 with a consortium of 12 major European banks.

The strategic significance of IGS to Italy's energy security is substantial — it reduces national dependence on foreign gas imports and supports renewable energy integration through flexible modulation services. The company invests in advanced seismic monitoring (9 stations participating in MISE's seismic project) and safety systems, and engages with local communities through citizen information points and the "Nuvole a Motore" environmental education program. IGS holds no patents or formal certifications in the public record, and its competitive moat derives primarily from regulatory protection, capital-intensive infrastructure barriers, and its privileged connection to Italy's gas transmission network rather than from proprietary technology or AI/ML capabilities.

Name

Ital Gas Storage

Legal name

IGS S.p.A.

Website

https://www.igs.eu

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Ital Gas Storage (IGS S.p.A.) is Italy's first independent natural gas storage operator, providing regulated underground storage services through its Cornegliano Laudense facility to gas traders, importers, and utilities, contributing approximately 20% of Italy's gas supply gap.

Ownership category

akta.pro rank

Product category

Natural Gas Storage Services

NAICS

General Warehousing and Storage (493110)

SIC

Public Warehousing & Storage (4220), Natural Gas Transmisison & Distribution (4923)

akta.pro primary industry

Tank Leasing & Third-Party Storage Operators (EUALAEAF)

akta.pro secondary industries

Supply Portfolio & Hedging Strategy (Retail Supply Risk) (EUAJAGAA), Citygate/Hub Optimization & Supply Dispatch (Daily Supply Stack) (EUAJAGAG), Procurement Settlements, Invoicing & Reconciliation (Imbalance/Cashout) (EUAJAGAL)

Keywords

• Natural gas storage
• Underground gas storage
• Gas storage services
• Energy infrastructure
• Gas capacity auctions

Headquarters

HQ city

Milano

HQ country

Italy

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Technology or R&D, Supply Chain

Revenue model

1. Storage Capacity Charges: IGS generates revenue through capacity-based charges for storage space (Cs in c€/kWh/anno), injection capacity (Ci), and withdrawal/erogation capacity (Ce). Tariffs are regulated by ARERA (Autorità di Regolazione per Energia Reti e Ambiente) and published annually for each thermal year.
2. Storage Service Fees: Additional fees including compensatory contribution charges (Ccomp) and fundamental data reporting services. Electricity cost recovery for compression and treatment operations may also apply based on regulatory decisions.
3. Auction-based Capacity Allocation: Storage capacity is allocated through competitive auction processes for annual thermal years, with services including peak modulation, weekend plus, and seasonal products.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Ital Gas Storage (IGS S.p.A.) operates the Cornegliano Laudense underground natural gas storage facility in Italy, providing storage capacity (space, injection, and withdrawal/erogation) to gas traders, utilities, and industrial clients. The company sells regulated storage services through annual thermal-year auctions and the SWΛP! commercial portal, contributing up to 20% of Italy's gas supply gap and supporting national energy security.

Product overview

IGS S.p.A. operates as an independent natural gas storage operator in Italy, offering a portfolio of storage products and services through its commercial portal SWΛP!. The company's core offering is natural gas storage capacity at the Cornegliano Laudense facility, with products including the Servizio di Modulazione di Punta (peak modulation service), Servizio WeekEnd+, and Servizio Summer vs Summer Y+1. These services provide working gas space, injection capacity, and withdrawal capacity to help Italy bridge its energy import gap. The company conducts storage auctions and offers implicit allocation services, with capacity growing from approximately 2.59 million MWh (TY 2023/2024) to 3.85 million MWh (TY 2026/2027).

Differentiator

Problem solved

Functional benefit

Brands

• SWΛP!: Commercial portal for IGS customers to manage storage services, nominations, and program approvals.

Products and services

• Stoccaggio di Gas Naturale (Natural Gas Storage Services)

Quantifiable outcome

• Contributes to filling 20% of Italy's gas supply gap
• +2 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Snam Rete GascoreStrategic or Co-development PartnerSnam provides the connection pipeline infrastructure linking IGS storage facility to the national gas transmission network. Collaboration includes construction and operation of the gas pipeline connecting the Cornegliano Laudense storage facility to the national network.
• TernacoreTechnology or IntegrationTerna constructed the electrical infrastructure and power transmission facilities required for IGS operations, including the electrical substation connecting the storage facility to the national transmission network (RTN).
• SaipemminorImplementation/ SI/ Consulting PartnerSaipem was involved in the local economic development initiatives around the Cornegliano storage project construction phase, participating in discussions with local business associations.
• Fondazione OMDminorStrategic or Co-development PartnerIGS supports the 'Nuvole a Motore' environmental education project, developed by Fondazione OMD (Milan's historical Meteorological Observatory) in collaboration with ADM-Associazione Didattica Museale for schools in the Lodi area.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Stogit (Snam): Stogit is Snam's natural gas storage subsidiary and Italy's largest storage operator. It directly competes with IGS in the Italian regulated storage market, offering modulation, strategic, and minerological storage services to the same customer base of traders, utilities, and industrial users.
• Edison Stoccaggio: Edison Stoccaggio operates underground gas storage facilities in Italy. It is a direct competitor to IGS for ARERA-regulated capacity auctions and serves overlapping Italian gas trader and utility customers.
• Storengy (Engie): Storengy is one of Europe's largest underground gas storage operators, active across France, Germany, and the UK. It is comparable to IGS in operating salt cavern and depleted reservoir storage with regulated and merchant capacity offerings to European gas market participants.
• NAFTA (Slovenský plynárenský priemysel): NAFTA operates underground gas storage facilities in Slovakia and is a regional storage operator. It is comparable to IGS in operating depleted-reservoir storage infrastructure with regulated tariffs and seasonal capacity products targeting Central European gas markets.

Broad incumbents

• Uniper Global Commodities: Uniper operates gas storage assets in Germany and broader European markets alongside its generation and trading business. It is comparable to IGS as a large-scale gas storage operator serving European utilities, traders, and industrial customers with similar capacity products.
• Fluxys Belgium: Fluxys operates Belgium's natural gas transmission and storage infrastructure, including the Loenhout storage facility. Comparable to IGS as a regulated gas storage operator offering modulation and seasonal services to European gas market participants.
• Gasunie: Gasunie operates the Dutch gas transmission network and underground storage facilities. Comparable to IGS as a European gas infrastructure operator with regulated storage assets serving traders, utilities, and industrial customers across Northwest Europe.
• Enagás: Enagás operates Spain's gas system including underground storage facilities. Comparable to IGS as a regulated infrastructure operator providing storage capacity and system balancing services to the Iberian gas market.
• Snam Rete Gas: Snam is Italy's primary gas transmission operator and the parent of Stogit, IGS's main direct competitor. Snam is comparable as both an infrastructure partner (providing network connectivity to IGS) and a broader industry incumbent in Italy's regulated gas value chain.

Regional players

• RWE Gas Storage West: RWE operates gas storage assets in Germany and other European geographies. Comparable to IGS in offering underground storage capacity products to European traders and utilities, though focused primarily on German and Central European markets rather than Italy.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/ital-gas-storage-s-r-l-

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds1 record

Investors12 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ital Gas Storage