European Utilities: The Netherlands will become Europe's most liquid gas market

Table of Contents

• DATAMONITOR VIEW
  • PREDICTION
  • The Dutch TTF gas hub becomes the most liquid wholesale market in continental Europe.
  • SUMMARY
  • While the UK's NBP remains the largest spot gas market in the EU, the Dutch TTF market overtakes Zeebrugge as the most liquid wholesale gas trading hub in continental Europe. As Europe's energy sector fully opens to retail competition, smaller wholesale markets attract increased trading interest.
  • METHODOLOGY
• ANALYSIS
  • The NBP is set to remain the EU's largest and most liquid spot market
  • The UK adapts to rising import dependence
  • TTF volumes will grow at a faster rate than the NBP
  • TTF has much greater growth potential given its proximity to Germany
  • Holland becomes the home of European forward gas trading
  • LNG will drive wholesale liquidity growth across the Mediterranean
• APPENDIX
  • Further reading
  • Ask the analyst
  • List of Figures
    • Figure 1: Europe's three key traded gas markets: Total traded volumes (million therms)
    • Figure 2: NBP trade breakdown, H1 2006
    • Figure 3: TTF growth versus NBP growth
    • Figure 4: North west European gas market overview, H1 2006
    • Figure 5: TTF and Zeebrugge trade breakdown, H1 2006
    • Figure 6: Europe's wholesale gas market landscape