Caspian Report - Issue: 07 - Spring 2014

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THE IMPORTANCE OF TAP FOR ITALY SOME SCENARIOS Antonio Sileo Senior Research Fellow, Institute for Competitiveness (I-com) AntonIo SIleo 80
It was suggested that Italy, with its geographical position at the junction of North-African, North- European and Russian streams, could be turned into the “Southern Europe gas hub.” 1. Introduction Italy, like most European countries, is heavily dependent on gas imports from outside the EU. Yet, as Italy’s gas consumption grows, mainly due to the completion of the methane pipeline system in the country and the increased use of gas for power generation, there is a corresponding decline in domestic production. 1 Inevitably, the historical condition of dependence will worsen. These circumstances affect the market structure, as almost 93% of Italian imports flow through pipelines. Among the possible interventions considered over the last decade, it was suggested that Italy, with its geographical position at the junction of North-African, North-European and Russian streams, could be turned into the “Southern Europe gas hub.” This was clearly articulated in Italy’s most recent National Energy Strategy (NES). In this context, Snam, the Italian transmission system operator (TSO) provided for by the lawdecree (D.L.) of January 24 th 2012, n.1, modified in Law (L.) 24 th March 2012, n.27, and by the decree of the Prime Minister (DPCM) 25 th May 2012, should play a major role in contributing to supply security and, in general, national energy security (Sileo; 2012). 2 However, energy security is not exclusively guaranteed by a long-term strategy; a comprehensive approach also demands the ability to manage possible shortterm supply shocks. The Italian gas system has recently faced critical situations, in particular in 2005 and 2006. Based on its practical experience, Italy has learned how to cope with emergencies, and always managed to ensure the supplies for its final domestic consumers. Moreover, since 2008, gas consumption has dropped, thanks to the financial crisis. Having stopped growing, by 81 CASPIAN REPORT, SPRING <strong>2014</strong> 1. It is important to say that Italian natural gas domestic production has inverted the trend since July 2011, returning to increase. 2. According to the Italian legislation a decree-law is a decree passed by the Italian Government as an urgent measure, which has to be approved by the Parliament within 60 days in order to become law.
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Page 46 and 47: Aura Sabadus 44 The Southern Gas Co
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Page 74 and 75: With Russia’s President Vladimir
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Page 78 and 79: Frank Umbach 76 approved by the gov
Page 80 and 81: Shale gas drilling rig. Frank Umbac
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Page 86 and 87: AntonIo SIleo 84 Power generation o
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Page 96 and 97: Radu Dudau 94 countries pay for Rus
Page 98 and 99: Radu Dudau 96 This industry, howeve
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Page 102 and 103: Radu Dudau 100 In October 2013, the
Page 104 and 105: Radu Dudau 102 In spite of the ling
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Page 114 and 115: emın akhundzada 112 markets. Given
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Page 118 and 119: FatIh Ozbay 116 Discussions about V
Page 120 and 121: FatIh Ozbay 118 The Black Sea is a
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Page 124 and 125: FatIh Ozbay 122 Montreux is quite s
Page 126 and 127: MUbarIz Hasanov 124 Some Remarks on
Page 128 and 129: Turkey will be USD 37 billion highe
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Caspian Report - Issue: 07 - Spring 2014

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