Platts: European natural gas traded volumes up 41% on year in 2014

European natural gas traded volumes posted a solid 41.0% increase in 2014 compared to the previous year to 37,859 TWh, with both over-the-counter and exchange traded volumes climbing year on year, Platts calculations show.

OTC traded volumes were up 26.8% last year from 2013 to total 27,833 TWh, with exchange traded volumes more than doubling to 10,027 TWh in 2014 from 2013's 4,898 TWh -- the take of exchange traded volumes overall rose last year to 26.5% of total trade, 7.3 percentage points higher than the previous year.

Exchange traded volumes benefited from the increase in activity on PEGAS, launched in June 2013, as well as the Dutch gas network operator Gasunie Transport Services abolishing fees for the TTF trading hub that coincided with the new gas balancing regime mid-2014.
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