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South-North Corridor GRIP 2017
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).
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).
0
140
120
100
80
60
20
40
%
2013
2014
2015
% growth of traded volumes from 2013
Traded Volumes
Figure 3.30:
Growth of PSV traded volumes from 2013
(Source: IHS Energy European gas hub tracker)