Record gas volumes traded amid increased uncertainty

Tue, 06 Aug 2019

By Gavin Evans Aug. 7 (BusinessDesk) - Volumes traded on the spot gas market jumped to a record last month as industrial users locked in supplies for the rest of the year. Trades for 1.49 petajoules of gas were booked on emsTradepoint last month, an all-time high for the six-year-old market and 43 percent higher than the previous record set in August 2017. General manager Quintin Tahau noted that more than three-quarters of that volume was booked in block trades through to the end of the year. “I can only speculate that there are so...

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