Moves to maturity
While many obstacles to the liquid short-term trading of gas in Europe remain, the market infrastructure is showing some signs of maturing. Oliver Holtaway looks at hub development in the European gas markets
Gas market liberalisation in Europe has been a slow starter: over 80% of gas supplies remain locked up in long-term, oil-indexed contracts. But there is some good news: liquidity is starting to improve at several of Europe's gas trading hubs.
A hub is either a physical interconnection between different parts of a gas transmission network, or a virtual point that reflects the input and withdrawal of
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