Daily Mail: German gas trading grows in 2014, Europe hubs expand

Gas trade is growing in Germany in line with a continental European trend which has also boosted growth in the bigger Dutch market, challenging Britain's dominance of the sector.

Wholesale natural gas trading volumes in continental Europe have risen sharply in the past years, bolstered by the common euro currency and a large industrial and residential client base.

"We estimate the (German) market size as between 1,750 and 2,000 terawatt hours (TWh) in first half 2014, compared with a full-year total for 2013 of just over 3,000 TWh," said Nigel Harris of British consultancy Prospex in its annual European gas report on Tuesday.

German volumes could further rise as it is the European Union's main location to store gas imported from Russia, which meets a third of the region's demand.
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