Italy Plans to Boost Gas Reserves Early Amid Price Rise Concerns
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Italy is moving to boost its gas reserves ahead of the official stockpiling season, as concerns that prices are set to remain elevated for longer dominate the market.
The country, which hosts the European Union’s second biggest storage sites after Germany, plans to bring forward gas storage auctions for next winter as early as February, Energy Minister Gilberto Pichetto Fratin said in a parliamentary hearing. Europe’s stockpiling season normally starts in April, when heating needs decline, and runs until the end of October.