ICIS white paper: Early implications of Spanish gas network code reforms

Following a regulatory shakeup, trading frequency at Spain’s natural gas hub has more than tripled in 2016 compared with 2015 with less than a year gone, while volumes have more than quadrupled, according to ICIS data. But can these new rules – and a new name – drive Spain on to rival the liquid hubs of northwest Europe?

In this white paper, ICIS examines the early implications of pan-European network code reforms on one of Europe’s outliers, Spain, and looks at whether the changes will be enough to provoke a hoped-for surge in liquidity in the region.

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