Q4 2021 Snam SpA Earnings Call Transcript
Good afternoon. This is the Chorus Call conference operator. Welcome, and thank you for joining the Snam Full Year 2021 Consolidated Results Conference Call. (Operator Instructions)
At this time, I would like to turn the conference over to Mr. Marco Alverà , CEO of Snam. Please go ahead, sir.
Thank you very much. Ladies and gentlemen, good afternoon, and welcome to Snam's Full Year 2021 Results Presentation. The crisis in Ukraine is having a profound impact on energy markets, particularly in the gas market. And we've seen supply security concerns making what was already a tight situation with very high prices even worse. And the previous prices were driven more by increasing demand from Asia for LNG and the situation in Ukraine has made prices even more volatile.
The gas flows are currently uninterrupted, and our team is in constant contact with the Ukrainian dispatching center to monitor the situation. Given Russia's importance in the European gas market, policymakers across Europe are focused
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