Vattenfall Starts Gas Trading In Czech Republic

BY Editor

Vattenfall Starts Gas Trading In Czech Republic

Oct 31, 2012– Stockholm, Sweden  (Techreleased) – Vattenfall’s Business Unit Trading has started trading the Czech gas market. The company trades physical gas contracts on the OTE market platform (the Czech electricity and gas market operator) and over-the-counter at the Virtual Trading Point in Czech Republic. In addition, Vattenfall engages in cross border gas trading between Czech Republic and Germany.

Vattenfall is already an active player in the Czech wholesale power market. “We now complement our Czech wholesale portfolio with gas,” says Frank van Doorn, Head of Gas Trading. “This will open up new opportunities in cross commodity trading and lay the basis for building up our origination business in Central Eastern Europe. Access to the Czech gas market will also give us more flexibility in the sourcing of gas for Vattenfall’s plants and customers in Germany,” Van Doorn says.

Vattenfall’s trading unit has already been active in the gas wholesale markets of the Netherlands, Germany, Belgium, and the UK. Its portfolio consists of short, mid and long-term sourcing contracts, equity and contracted storage capacities, and long-term transmission rights at key points in the European gas grid. These assets are the basis for a pan-European optimisation and structuring of gas supply to customers and power stations.

Vattenfall’s trading unit, which is part of the Business Division Asset Optimisation and Trading, is the trading hub of the Vattenfall Group and one of the leading energy trading companies in Europe. It trades power, gas, coal, oil, freight and emissions, takes responsibility for a diversified sourcing of power, fuels and carbon credits and offers tailor-made, non-standard contracts to customers.