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Oil, weather and Ukraine boost European gas volumes

2014 saw rising activity in Europe's exchange-traded and OTC gas markets

Gas pipeline
European natural gas: volumes cranking up

Trading activity in European natural gas soared last year as the Ukraine crisis, a steep decline in crude oil prices and a continuing move away from oil indexation all contributed to record volumes, say analysts and market participants.

"The volumes are picking up in general," says Erik Frissen, a natural gas trader at Eni Trading and Shipping, the trading arm of Italian oil and gas company Eni.

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