Snam reported solid 2015 full year results, with revenues up 2.3% and adjusted net profit up 12.2%. Total investments were €1.54 billion, with €1.27 billion spent on capital expenditures. Operational efficiencies and financial restructuring led to a significant reduction in debt costs. Gas consumption in Italy increased 8.9% in 2015 from the prior year. Snam intends to pay a dividend of €0.25 per share and remains focused on consolidating its leadership role in the European gas infrastructure sector, including through its stake in the Trans Adriatic Pipeline project.