After starting joint gas sales through CEGH at the end of 2009, the Vienna Stock Exchange has also acquired a 20% stake in the Central European Gas Hub (CEGH). This continues the successful collaboration between OMV and the Vienna Stock Exchange.
-CEGH and the Vienna Stock Exchange have been successfully cooperating since the end of 2009. As partners, we are expanding on solid foundations-” stated Heinrich Schaller, a member of the Vienna Stock Exchange Board. The 20% investment by the Vienna Stock Exchange means that the successful collaboration, which began just a few months ago, is now documented in the ownership structure. -From the very beginning, our goal has been to establish CEGH as the most important gas hub in continental Europe. With the investment from the Vienna Stock Exchange and collaboration with European Commodity Clearing (ECC), we have made a significant step towards that goal-” stated Werner Auli, a member of OMV’s Executive Board for Gas and Energy (G&P). The Central European Gas Hub (CEGH) is one of the most important hubs in continental Europe, providing its traders with easier access to the gas market. Since CEGH was established four years ago, the volume of gas sales through its currently 104 registered participants has drastically increased to the current 2.8 bcm (billion cubic meters) per month.
