Star Energy

ARE YOU AWARE OF THIS COMPANY INDEPENDANT RESOURCES




Italy has the third-largest gas market in Europe, with consumption of 72 billion cubic metres (bcm) in 2002, of which almost a third was used to generate electricity.

The International Energy Agency (IEA) estimates that by 2010 gas demand in Italy could reach 92-95 bcm, with about 40 bcm being consumed in the power sector and 90 per cent of all new generating capacity being gas-fired. At the same time, domestic production is declining and imports are expected to account for more than 85 per cent of consumption by 2010.

Gas consumption is mainly concentrated in the north of the country, with two thirds being consumed in the winter months. Italy's gas storage infrastructure, while extensive, is coming under increasing strain as a result of this seasonality, demand growth and dependence on imports, and the country experienced its first major "gas blackout" during a spell of severe cold weather in March 2005.

Independent Resources' Rivara project is the country's largest potential new storage project, and could play a key strategic and commercial role in solving Italy's gas deliverability constraints.
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This is what Independant Resources expect to do as well:-
The gas storage market is immature in the UK but as the country becomes more dependent on exports there will be opportunities to import and store gas when it is cheap and sell it on when prices rise during periods of high demand, such as winter