Market highlight: Belgian ZTP gas liquidity rockets to record in December

Over-the-counter traded volume at Belgium’s virtual hub, the ZTP, soared to 4.7TWh in December, up twelve-fold year-on-year, driven by a surge in transit flow through Belgium.

Shippers imported greater volumes of gas from the Netherlands and Germany at the end of 2016, and sent large volumes of gas to Britain, to compensate for an outage at Britain’s biggest storage site, Rough.

ICIS looks at which ZTP contracts saw the most activity in December, and how liquidity compares with Belgium’s primary Zeebrugge hub, as well as with other illiquid European hubs.

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