Italy's shifting gas sector dynamics make strong case for easing storage rules
Italy's heavily regulated gas storage system is starting to look like a poor fit with the current realities of the domestic and European gas markets. Could its reform help tackle high energy prices? "I wasn't trading yet. But I remember it very well—my school closed for 10 days," said an Italian gas trader, sharing memories of February 2012, when several days of freezing temperatures across Europe and Russia triggered a sudden cut in Russian gas volumes destined to Italy. The break in supply triggered a brief crisis of the energy system: households in many parts of the country were left wi...
Source: spglobal.com