S&P GLOBAL PLATTS | Italy has no shortage of natural gas infrastructure, from major pipelines coming from Europe and North Africa to LNG terminals. How, then, can the country still have some of the highest wholesale gas prices in Europe, rivalling even Spain, with its notorious lack of interconnections?
Solving the Italian gas market puzzle is not an easy task. But it is possible to identify factors that, taken together, create a unique and enduring ecosystem where no new big players have ever managed to emerge and to push down prices through a market share strategy.
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