Spain’s natural gas hub has experienced a marked increase in over-the-counter (OTC) trade in 2016, with liquidity increasing across both prompt and curve.
In this webinar, ICIS examines how much this is down to organic growth and how much it is down to the implementation of ‘key enablers’ designed to fire up the market.
Chief among these ‘key enablers’ was the launch in October 2016 of a new balancing regime in Spain which, alongside other reforms, forced liquidity onto a new exchange.
With trade data showing that OTC liquidity has grown not just on the prompt as might perhaps have been expected, but also on the curve, this webinar also looks at the relationship between the Spanish gas hub – now known as the PVB – and prices and those at more mature in northwest Europe.
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