MILAN (Reuters) – Italy’s biggest gas distributor Italgas reported a 4.1% increase in core profits in 2021 when it ramped up investments to record levels. Investments, mainly in digitalisation of the company’s network to enable it to carry renewable gases like biomethane and hydrogen, reached a record 865 million euros ($957 million), growing by 11.5%. Italgas, which runs around 74,000 kilometres of regulated gas pipelines, said it had no commercial and financial relations with Russia and Ukraine and no production activities and employees located in the area. The company posted adjusted earnin…