New European gas exchange launched

The Central European Gas Hub (CEGH) and the Vienna Stock exchange, Wiener Börse, have announced the launch of a new gas exchange.

International spot trading will start immediately and there are plans for futures trading to begin in spring 2010.

"The opening of CEGH Gas Exchange of Wiener Börse sets another milestone for the creation of a European gas market and improves the security of gas supply for Austria," says Reinhold Mitterlehner, Austrian minister for economic affairs.

The Vienna Stock E