The German Gas Hub.
Clashes in Germany between gas importers, pipeline operators and suppliers and persistent regulatory niggles are preventing big industrial consumers from trading on the German gas market and limiting its growth. After decades of being tied to one supplier, large industrial consumers in Germany now can shop around for the cheapest deals from alternative gas sources. But most still do not feel comfortable by-passing the middlemen and buying on the wholesale market themselves. Germany is by far Russia's largest market for natural gas and is handled directly by
Eon's transport area has become the Eon Gas Trading (EGT) hub in central and south-eastern Germany, which emerged after some distribution zones were unified under pressure from national policy-makers. The trading hub, on which energy exchange EEX bases its gas contract, has become the focus for over-the-counter (OTC) deals and, to a lesser extent, for spot and futures dealt via a one-year old contract on EEX. Trade is growing.
Before the global crisis hit in the autumn of 2008, the EGT was moving towards becoming the German price benchmark and, through the Bayernets integration, was planning to offer access to 50% of traded volumes of "H" (highly calorific) gas, the dominant type in Germany. It had tried to catch up with the other European hubs such as the TTF in the Netherlands and NBP in Britain, helping international and domestic suppliers and traders to align and swap gas flows.