Annual Report 2011 - Snam

Snam Annual Report 2011 / Liquefied Natural Gas (LNG) regasification41Key performance indicators(€ million) 2009 2010 2011 Change Change %Core business revenue (*) (**) 36 35 34 (1) (2.9)- of which LNG regasification revenue 21 24 23 (1) (4.2)Operating costs (**) 27 24 23 (1) (4.2)EBIT 5 7 7Investments 7 3 3Volumes of LNG regasified (billions of cubic metres) 1.32 1.98 1.89 (0.09) (4.5)Tanker loads (number) 38 54 50 (4) (7.4)Employees in service at 31 December (number) 87 70 74 4 5.7(*) Core business revenue includes the charging to the Customers of the charges relating to the natural gas transportation service supplied by Snam Rete Gas S.p.A. For the consolidated financialstatements this revenue was aggregated with the transportation costs, under GNL Italia S.p.A. in order to represent the substance of the operation.(**) Before consolidation adjustments.Financial resultsRevenue from transportation of LNG amounted to €23 million, a fall of €1 million compared with2010. The revenues relate to the capacity fees 6 (€21 million) and the variable fees associated with thevolumes of LNG reclassified (€2 million).EBIT amounted to €7 million, unchanged compared with 2010.Operating reviewQuantities of regasified LNG per user(billions of m³) 2009 2010 2011 Change Change %Enel Trade 1.01 1.28 1.33 0.05 3.9Eni 0.10 0.22 0.02 (0.20) (90.9)Other 0.21 0.48 0.54 0.06 12.51.32 1.98 1.89 (0.09) (4.5)In 2011 the LNG terminal in Panigaglia (SP) regasified 1.89 billion cubic metres of natural gas (comparedwith 1.98 billion cubic metres in 2010), unloading 50 tankers of various types, including one spot load(compared with 54 tankers in 2010, including three spot loads).6 Capacity fees include revenue related to the regasification commitment for an annual volume of LNG and a share of revenue related to the activity ofdocking and unloading LNG tankers.Snam Annual Report 2011