ICIS: Option to reset natural gas tariffs at Italian entry points proposed

Some Italian shippers are lobbying the Italian regulator to introduce an option to reset transport capacity bookings at Italian entry points, ICIS has learnt.

This would allow some shippers with long-term capacity at some entry points, including the ones in southern Italy, to cancel current bookings and make new bookings with the introduction of EU-wide capacity allocation mechanisms (CAM) rules in Italy.

During Gas Year 2014/2015, gas transport group Snam is expected to progressively introduce monthly, seasonal, yearly and multi-yearly bundled capacity

Booking short-term capacity could be more convenient than current long-term bookings that some companies have in place, as it would allow them to change existing bookings. For example, capacity booked at entry points in southern Italy is largely underused, as flows from Algeria and Libya have substantially decreased compared with previous years, but companies that had booked long-term transport capacity are still paying for capacity that is not used.
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