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- The Vienna Stock Exchange has acquired a 20% stake in the CEGH
- The cooperation will strengthen Austria’s role as a gas market place and will support CEGH’s development into the most important gas hub in Continental Europe
Following the start of the joint CEGH Gas Exchange of Wiener Börse at the end of 2009, the
Wiener Börse AG has now acquired a 20% stake in the Central European Gas Hub AG. This continues the
successful cooperation between OMV and the Wiener Börse (Vienna Stock Exchange).
The Central European Gas Hub (CEGH) is one of the most important gas hubs in Continental Europe and provides its traders with easier access to the gas trading market. Since the gas hub was established four years ago, the volume of gas traded by the 104 currently registered participants has increased significantly to 2.8 bcm/month at present. With the start of the CEGH Gas Exchange of Wiener Börse in December 2009, the CEGH service range was extended to include exchange functions alongside the OTC business that has been running successfully for the past four years.
“CEGH and the Vienna Stock Exchange have been involved in a successful cooperation since the end of 2009. As partners we are expanding on solid foundations,” said Heinrich Schaller, Board Member of the Wiener Börse AG. The 20% investment by the Vienna Stock Exchange means that the successful cooperation started just a few months ago has now also been documented in the shareholder structure.
“Right from the start our goal was to establish CEGH as the most important gas hub in
Continental Europe. With the investment by the Vienna Stock Exchange, and the cooperation with the
European Commodity Clearing (ECC), we have taken a big step towards this goal,” so Werner Auli, OMV
Executive Board Member for Gas & Power.
CEGH provides gas trader with a gas-trading platform that enables gas to be traded at
different entry and exit points of the Austrian gas transit system. The most important trading
point of the CEGH is the Baumgarten gas distribution node, which is also an important platform for
gas transit in Central Europe. Baumgarten should gain even further importance over the next few
years once new pipelines such as Nabucco and South Stream are connected.
Spot trading on the CEGH Gas Exchange of Wiener Börse began in December 2009. “CEGH Gas Exchange of Wiener Börse is planning to expand its business activities with future trading in the second half of 2010”, said Harald Wüstrich, CEO of CEGH AG.
