Vienna Stock Exchange is the other minority shareholder in CEGH
with a 20% stake, while the remaining 65% is owned by OMV.
CEGH and the Vienna Stock Exchange have been co-operating since December 2009 when they started the joint CEGH Gas Exchange of Wiener Boerse.
The stake purchase is expected to help establish CEGH as the most important gas hub in continental Europe, which should strengthen Austria's role as a gas marketplace, the Vienna Stock Exchange said.
CEGH is a platform that enables gas trading at different entry and exit points of the Austrian gas transit system.
is wholly owned by OMV Gas International, a subsidiary of OMV AG, Austria's largest oil and gas group.
The Memorandum also addresses a participation by Gazprom in the Central European Gas Hub ( CEGH
) and provisions of storage capacities by OMV for Gazprom in Austria thus to further enhance the security of supply in Austria.
They range from the UKs NBP market which is highly liquid and efficient to markets such as the Austrian CEGH
or Spanish CDG markets where liquidity is barely established.
Furthermore, the Alliance Data Highway (ADH) data feed is a worldwide source for the trading data of the CEGH
Gas Exchange of the Vienna Stock Exchange, of the power exchange EX (Energy Exchange Austria) and of PXE (Power Exchange Central Europe).
They range from the UK's NBP market which is highly liquid and efficient to markets such as the Austrian CEGH or Spanish CDG markets where liquidity is barely established.
The removal of destination clauses in OMV's contract with Gazprom has helped catalyse increased liquidity at the CEGH hub 14
Austria's CEGH hub saw a huge increase in traded volume in 2006, though still lags far behind other European wholesale gas markets 14
The prospects for short to medium term growth in the CEGH are extremely limited 19