Gas trading volume doubled in Germany last year

07/05/2010 14:00 Natural Gas

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According to British consultancy Prospex, German gas trading volume increased more than twice in 2009, reaching 955.2 TWh, up from 407.8 TWh in 2008, mainly due to faster merging of gas transmission zones.

A more effective trading was possible because of further liberalization efforts and regulatory pressure, as well as abolition of long-term supply contracts. At present, NetConnect Germany (NCG) and Gaspool are the two existing market zones, instead of 19 such zones before, which makes it easier to navigate the marketplace. Germany went beyond the Dutch market, ranking second, just behind Great Britain on gas trade market. Though, Dutch market for gas traded at the Title Transfer Facility (TTF) is still more liquid for forward gas, arbitrage and cross-border movement.

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