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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 system 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 CNIPA-certified certifying companies.
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.
The sessions of the Imports’ Segment are open from Monday to Friday, from 9:30 a.m.
to 2:00 p.m., except on the days indicated in Technical Rule no. 1 P-GAS.
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.
The sittings of the Royalties’ Segment are open from Monday to Friday, from 9:30 a.m. to
2:00 p.m., except on the days indicated in Technical Rule no. 1 P-GAS.
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.
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