This summer, the North European gas exchange Nord Pool Gas prepared a new strategy, which will take Nord Pool Gas from its current successful foothold in the Danish and Swedish markets towards integration into the European energy markets.
During the last year, Nord Pool Gas experienced large Day-Ahead trading, which brought sales activities up to approx. 10% of the Danish gas consumption, and the exchange is now among the largest in Europe. The sales activity is particularly significant when taking the small Danish/Swedish consumption volumes into consideration.
The new strategy will take the product portfolio to the next level. The main focus will be on better interaction of the Dutch, German and Danish/Swedish gas markets, and on ensuring services for the Danish/Swedish markets, where gas used for power generation has shifted towards use more directly based on short-term spreads between power and gas markets.
To secure the implementation of the strategy, Nord Pool Gas will have a new CEO as of 1 November 2010, Jacob Pedersen, who has a long experience in the North European wholesale gas market. In the new year, the company expects to move to new offices in the Copenhagen area.
For further information please contact:
Torben Brabo, Chairman of the Board: +45 23 33 87 17.
The object of the gas exchange Nord Pool Gas A/S is to increase competition on the Danish gas market by offering a trading platform with a trustworthy, transparent, and reliable price formation. Nord Pool Gas is owned by the Nordic power exchange Nord Pool Spot AS and the Danish transmission system operator Energinet.dk