ENTSOG South-North Corridor GRIP 2017 - Main Report
3.4.1.4 Italy
The PSV (Punto di Scambio Virtuale) is a virtual point, conceptually located between the Entry and the Exit Points of the Italian network, where shippers can trade gas already entered in the main national grid, on a daily basis. PSV constitutes the single Italian gas hub and its borders correspond to the ones of the entry-exit system, being therefore the reference national balancing zone. Currently, the PSV represents one of the main European gas marketplaces 5) , having a unique position in terms of availability of gas from different sources, like Russia, Northern Europe (mainly Norway and The Netherlands), North Africa (Algeria and Libya), LNG imports (3 regasification plants) as well as of storage facilities (around 17bcm of storage capacity).
%
% growth of traded volumes from 2013
140
120
100
80
60
40
20
0
2013
2014
2015
Traded Volumes Figure 3.30: Growth of PSV traded volumes from 2013
(Source: IHS Energy European gas hub tracker)
5) In 2016 PSV ranked 5th for total OTC volumes after TTF, NBP and the two German hubs (source: London Energy Brokers’ Association OTC Energy Volume Report – December 2016).
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South-North Corridor GRIP 2017
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