Italian Watchdogs Probe Gas Storage Shortages

Law360, New York (November 27, 2007, 12:00 AM EST) -- Italian energy and competition regulators are investigating serious shortages in the natural gas storage industry, taking a deeper look into longstanding concerns that the lack of competition impedes new operators from entering the market and helping to secure the country's energy system.

The Italian Regulatory Authority for Electricity and Gas and the Italian Competition Authority said last week that they would look at apparent obstacles to the growth of the industry's storage capacity. They will also seek more flexible alternatives for holding natural gas and consider...
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