Central European Gas Hub sets a new record in gas trading

Vienna (OTS) -
- Trading volume approximately 40 billion cubic metres in 2011
- Incease by 15% compared to the previous year
- CEGH has consolidated its position among the leading gas hubs in
continental Europe

In 2011, exactly 38.9 billion cubic metres of natural gas were traded
on the CEGH OTC (over-the-counter) trading platform, run by Central
European Gas Hub AG (CEGH). This means an increase by 15%, compared
to the record of 33.8 billion cubic metres that was set in 2010. This
new trading record on the Austrian gas market equals the four- to
fivefold annual consumption of natural gas in the whole of Austria.

Moreover, the CEGH OTC market reached an all-time-high in December
2011: with a trading volume of 3.67 billion cubic metres, the highest
monthly value ever reached in the history of natural gas trading in
Austria was achieved. This trading volume even breaks the record of
May 2011, when 3.48 billion cubic metres were traded.

The average churn rate in 2011 amounted to 3.38. In September
2011, when CEGH registered a historical peak of trading activities,
the churn rate even amounted to 3.6. The churn rate is a measure of
liquidity and indicates, how often one cubic metre of natural gas is
traded before it is finally transferred also physically.

At the end of 2011, 134 customers were registered at CEGH, about
85% of them are international companies. This means a member plus of
18%, compared to end of 2010.

In 2011, the CEGH Gas Exchange of Wiener Boerse, the Austrian gas
exchange, achieved a trading volume of 2,534 gigawatt-hours
respectively 226 million cubic metres of natural gas. This means an
increase of 130%, compared to the trade volume at the gas exchange in
2010. The Spot Market was launched in December 2009, the Futures
Market in December 2010. The CEGH Gas Exchange of Wiener Börse has 22
registered members at the Spot Market and 16 registered members at
the Futures Market.

Background information:
Central European Gas Hub:

The Central European Gas Hub AG (CEGH) is a subsidiary of OMV Gas
& Power GmbH (80%) and Wiener Börse AG (20 %). It has become the most
important trading platform for natural gas in Central Europe,
offering international gas trading companies the possibility to trade
at Baumgarten and other border points of the Austrian gas grid. CEGH
runs the CEGH OTC Market and the CEGH Gas Exchange of Wiener Boerse
with a Spot Market and a Future Market. In 2011, CEGH achieved a
trading volume of approx. 40 billion cubic metres of natural gas,
thus consolidating its position among the leading gas hubs in
continental Europe.

Rückfragehinweis:
Contact:
Central European Gas Hub AG
Tel. +43 1 2702700 - 28501
E-Mail: [email protected]
Homepage: www.cegh.at

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