GasTerra Admitted as 20th Member on Dutch Gas Exchange APX Gas NL
- New services for development of Dutch gas market introduced
AMSTERDAM, 14 March 2007 - GasTerra has been admitted to the Dutch gas exchange APX Gas NL today. This has been announced by both parties today at the FLAME conference in Amsterdam, one of the largest and most comprehensive gatherings in the European gas industry. The new entrance and the extension of services for the continental gas exchanges including a voice broker will boost the development of the Dutch gas market.
GasTerra (formerly Gasunie Trade & Supply) supports the concept of a gas cross point in the Netherlands. One important condition is liquidity on the TTF (Title Transfer Facility – the Dutch virtual gas trading point). GasTerra intends to stimulate short term trade on the exchange by joining the Dutch gas exchange APX Gas NL. At the same time, GasTerra meets the demands of the Dutch Parliament to contribute to the liquidity at the TTF. GasTerra has been active on the bilateral market on the TTF from 2005.
GertJan Lankhorst, CEO: “As 20th member, GasTerra will support the exchange to increase a position on the TTF, as APX can also contribute to the successful development of the Dutch gas cross-point. Although, all APX Gas NL members have a role in developing the Dutch Gas Exchange.”
APX is delighted with GasTerra as a new member of the Dutch gas exchange. Bert den Ouden, CEO, APX Group, says: “The admittance of GasTerra as a big player in the Dutch gas market is an important step in the development of a liquid and transparent gas market. In addition, the accession of GasTerra means that APX Gas NL on the TTF can develop into a market with a European dimension.”
Les Male, Commercial Director APX Group, says: “We hope that the accession of GasTerra to APX Gas NL will further strengthen the TTF, which is of critical importance to the continental gas map of Europe, building on the recent physical linkage between TTF and NBP in the United Kingdom - Europe's most liberalised gas market.
APX Gas NL now has 20 members from eight different countries, varying from international energy companies, national utilities, trade companies, financial institutions and the Dutch gas transmission system operator.”
APX sees 2007 as a crucial year for the development of the continental gas markets. In early March, APX extended its services with a voice broker; Martin Grob of Lowlands Energy Brokers is aiding the Dutch gas exchange APX Gas NL and the Belgian gas exchange APX Gas ZEE. Mr Grob is an experienced broker and is well known in the energy industry. Since September 2006, he became active as voice broker for APX Power NL on the Dutch intraday and Strips power markets.
In addition, APX Gas introduces Quote Request Periods for APX Gas NL and APX Gas ZEE during the most active trading periods of the day (9.30 am – 10.30 and 3.30-5.30 pm CET). During this period, actions are taken to increase trading activity.
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Note to editors:
About APX Group
APX Group is Europe's premier provider of power and gas exchanges for the wholesale market, providing transparent markets for short term trading in the Netherlands, the United Kingdom and Belgium. Established in 1999, APX Group provides exchange trading, central clearing & settlement and data distribution services. APX Group has over 120 different Members from 15 countries.
APX Gas manages gas exchange for short term trading, operating markets in the UK, APX Gas UK, (On-the-Day Commodity Market and NBP), APX Gas NL in the Netherlands (TTF) and APX Gas ZEE (Zeebrugge Hub) in Belgium.
For further information please visit www.apxgroup.com, or contact:
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Nanke Kramer,
Head of Communications, APX Group
Tel: +31 20 305 4000
Mob: +31 65 249 2676
Fax: +31 20 305 4001
Email: n.kramer@apxgroup.com |
About GasTerra
GasTerra is an international trading company in natural gas. The company is active on the European energy market and accounts for a substantial share of the Netherlands’ energy supply. The company also offers services that are linked to trade in gas. It has a strong purchasing position and over 40 years of experience. GasTerra fulfils a statutory role in the small fields policy, by encouraging the production of Dutch natural gas from smaller fields. The company’s customer focus gives it a firm commitment to building stable relationships with market players and to concluding sales agreements which reflect the value of the gas.
GasTerra is committed to sustainable development as the basis for its strategy and actions. The economic and social importance of natural gas as a source of energy gives the company a crucial role in the deployment of domestic gas stocks and the supply of energy in the Netherlands and the EU. GasTerra promotes the safe and efficient consumption of natural gas and is actively working towards new applications. It recognises the importance of the transition to a more sustainable supply of energy and is initiating projects to this end. Our operations are based on our code of conduct, in which the values of integrity and respect are the guiding principles.
For further information please visit www.GasTerra.com, or contact:
Ben Warner,
Head of Communications, GasTerra
Tel: +31 50 364 8810
Mob: +31 65 338 9943
Fax: +31 50 364 8819
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