Zeebrugge Hub
The Zeebrugge Hub (abbreviation: ZEE ) is a virtual trading point for natural gas that connects the natural gas market in Great Britain and Norway with the natural gas markets on the continent. The Zeebrugge Hub is currently the most important continental European trading point for natural gas.
The Zeebrugge Hub is connected to the National Balancing Point (NBP) in Great Britain via the interconnector pipeline . In Zeebrugge , the British North Sea gas lands on the Belgian coast and is forwarded via the Fluxys network . Norwegian gas from the Troll and Sleipner gas fields ends up in Zeebrugge via the Zeepipe Terminal pipeline . Gas from the Zeebrugge LNG terminal is also traded at the Zeebrugge Hub .
Trading between the more than 80 ZEE members (as of 2012) takes place bilaterally (OTC), with the hub operator not assuming the role of a central counterparty . Either the Zeebrugge Hub Natural Gas Trading Terms and Conditions (ZBT 2004) or the ZBT 2004 Appendix , an appendix to the EFET gas framework agreement, serve as a framework agreement between the traders .
The reason for the establishment of the Zeebrugge Hub was the opening of the Interconnector in 1998, the following year the hub operating company Huberator was founded as a subsidiary of Distrigaz. After the unbundling of Distrigaz in 2001 went Huberator and the Zeebrugge Hub Fluxys over. In 2004, APX and ENDEX opened on- exchange trading and clearing for Zeebrugge products.
Web links
- Official website of the operator "Huberator"
- APX Gas ZTP ( Memento from January 17, 2013 in the web archive archive.today )
- Powernext products
Individual evidence
- ^ Zeebrugge Hub Standard Trading Agreement on the Huberator website
- ^ Philip Wright: Gas Prices in the UK: Markets and Insecurity of Supply . Oxford University Press, Oxford 2006, ISBN 0-19-929965-X , pp. 65-66 ( Google Books ).