The natural gas trading platform (P-GAS) is managed by an information system to which Participants have access through the Internet.

Access to the P-GAS information systemis is based on security procedures (digital identification via smart card), which authenticate the digital signature and thus permit the conclusion of gas purchase/sale contracts. The digital certificate for access to the market may be released by DigitPA-certified certifying companies.

The P-GAS consists of the Imports’ Segment, the Royalties’ Segment and the Segment referred to in Legislative Decree 130/10.

In the Imports’ Segment of the P-GAS, trading is continuous and contracts in respect of quantities with monthly and yearly delivery periods may be negotiated.

In the Royalties’ Segment of the P-GAS, trading takes place under the auction mechanism and contracts in respect of quantities with monthly delivery periods may be negotiated.

In the Segment referred to in Legislative Decree 130/10, trading is continuous and contracts with monthly and half-yearly delivery periods may be negotiated.

The sessions of the P-GAS take place from Monday to Friday, except on the days indicated in Technical Rule no. 1 P-GAS. The sessions of the Imports’ Segment and of the Segment referred to in Legislative Decree 130/10 take place from 9:30 to 14:00. The sittings of the Royalties’ Segment take place from 9:30 to 14:00.

The results of each sitting of the Royalties’ Segment are notified by GME at end of the same sitting.
On the P-GAS, GME acts as a broker, confining itself to carrying out activities of organisation and management of the platform, as well as those connected with the admission of applicants to the P-GAS.

The platform is operated from GME’s trading room, which is equipped with all the IT/ICT components which permit the collection and processing of transactions. The trading room personnel guarantees the continuous operation of the systems under maximum security conditions and provides support to P-GAS Participants.