News

5 October 2021

German Nationwide Gas Trading Hub THE Launched

On October 1, the Germany-wide market area Trading Hub Europe (THE) started its commercial operations.

It united the previously existing market areas NCG and Gaspool. The total length of gas pipelines in the new single market is around 40,000 km.

‘Thanks to its central location, high service quality and our customer-friendly approach, THE will be the central starting point for further cross-border links between individual European gas markets, ’ said Dr Sebastian Kemper, managing director of Trading Hub Europe GmbH and ex-managing director of GASPOOL Balancing Services GmbH.

The decision to integrate the German two market zones was made back in 2017. All deals with delivery to NCG and Gaspool after October 1, 2021 will be automatically implemented at THE.

Gas volumes with delivery to THE have been sold on the Electronic Sales Platform of Gazprom Export since July 2021.

See more details on the German gas market merger in our corporate newsletter Blue Fuel №56, with comments by analysts of the Argus agency (pages 28-34).
 

Source: https://www.tradinghub.eu/en-gb/About-us/Newsroom/News/Details-en-GB/ArtMID/1412/ArticleID/25/Press-Release

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