A new decree regulating auctions for bundled regasification and storage capacity for industrial players has been published on Italy's Official Gazette on February 24.
The decree, issued by the industry ministry, states industrial gas customers and consortia of customers based in Italy or in another EU member state can participate in the auctions for a share of regasification capacity “not higher than their consumption” in the gas-year preceding the one related to the auctions.
It also states industrial clients securing capacity through this bundled offering will have allocation priority for available day-ahead regasification capacity at Italy's LNG terminals.
The measures integrates a previous decree issued December 7, which allocated some 1.5 billion cubic meters of storage capacity for the integrated regasification and storage service aimed at facilitating the sourcing of gas supplies directly on the global LNG market by industrial clients at competitive prices.
Auctions are going to be held on March 6.