(Argus) What does Germany’s planned natural gas market merger mean for liquidity and the wider European gas market?
The upcoming merger of Germany’s two natural gas markets will provide Europe’s largest gas consumer with a new trading hub straddling the border between western and eastern Europe.
But it remains to be seen if the newly-formed German VTP will become a highly liquid trading hub for all of Europe, or remain at the edge of a much more traded Dutch market.
With the merger little more than a year away, Germany’s network regulator, the country’s many operators and its existing market area managers have started hammering out the details, aiming for a smooth transition and trying to alleviate uncertainty.
NCG and Gaspool are among Europe’s most traded markets, only trailing the Netherland’s Title Transfer Facility (TTF) and the UK’s National Balancing Point (NBP) in liquidity. But the gap is significant and has widened in recent years.
See the full article HERE (on Argus website)
Source: Jacob Mandel
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