Virtual trading point

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A virtual trading point is a non-physical hub for trading in natural gas markets, for which "there is a virtual trading point (VTP) for each market area, representing all entry and exit points in that market area." [1]

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Examples

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The National Balancing Point, commonly referred to as the NBP, is a virtual trading location for the sale and purchase and exchange of natural gas in the United Kingdom. It is the pricing and delivery point for the ICE Futures Europe (IntercontinentalExchange) natural gas futures contract. It is the second most liquid gas trading point in Europe and has a major influence on the price that domestic consumers pay for their gas. Gas at the NBP trades in pence per therm. It is similar in concept to the Henry Hub in the United States but differs in that it is not an actual physical location.

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VTP is a proprietary Layer 2 messaging protocol.

Central European Gas Hub AG is a natural gas company based in Vienna, Austria. It was founded in 2005 as a subsidiary of OMV Gas & Power GmbH. In December 2009, CEGH, together with Wiener Börse AG, opened the CEGH Gas Exchange Spot Market. The Futures market followed in December 2010. CEGH is owned by OMV Gas & Power GmbH (65%), Wiener Börse AG 20% and the Slovak gas transmission system operator eustream a.s. (15%).

Ven is a representative digital currency. Its origin was as a community currency created by the Hub Culture social network. It claims the value of Ven is determined by backing currencies, commodities and assets. Because the currency is privately run, the true value is impossible to verify. It trades against major currencies at floating exchange rates. Ven was listed as of 2014 on the LMAX Exchange.

The Gas exchange point - North, commonly referred to as PEG Nord, is one of 3 virtual trading locations for the sale, purchase and exchange of natural gas and LNG in France. It is one of the pricing and delivery points for Powernext natural gas futures contracts. It is the sixth most liquid gas trading point in Europe. Gas at the PEG Nord is traded on the Powernext exchange.

The Gas exchange point - South, commonly referred to as PEG Sud, was one of 3 virtual trading locations for the sale, purchase and exchange of natural gas and LNG in France. It was one of the pricing and delivery points for Powernext natural gas futures contracts. Gas at the PEG Nord is traded on the Powernext exchange. On April 1, 2015, it was merged with PEG TIGF (France) into the TRS.

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References

  1. Thorsten Koch, Benjamin Hiller, Marc E. Pfetsch, Evaluating Gas Network Capacities, 2015, Page 51.