VNG initiates trading platform for biomethane.
Leipzig, October 4, 2010. Registration for the biomethane trading platform www.bioerdgashandel.de initiated and developed by VNG – Verbundnetz Gas Aktiengesellschaft (VNG) in cooperation with MITGAS Mitteldeutsche Gasversorgung GmbH starts today. From mid-October, registered users can buy and sell biomethane online at the virtual trading points in the German natural gas market areas via this internet platform. The contractual basis for the bilateral trading business between seller and buyer is a standard delivery contract posted on the website by the platform operator, or alternatively an individual contract with the relevant trading partner.
“Natural gas and biomethane make a significant contribution to sustainable energy supplies due to their outstanding environmental properties. VNG is already active in the production and marketing of biomethane. We hope the innovative online marketplace for biomethane will bring new momentum to the biomethane market,” Uwe Barthel, Executive Board member for Gas Sales/Technical Affairs at VNG, said.
The online platform is being implemented by ECG Erdgas-Consult GmbH (ECG), which is also the platform operator.
VNG – Verbundnetz Gas Aktiengesellschaft (VNG) is an international group of companies and a reliable supplier of natural gas from Russian, Norwegian and other sources to major users and municipal distributors in Europe. VNG has been active in the gas industry for over 50 years. Today, VNG is Germany’s third largest gas importer and ranks among Europe’s top ten. In 2009, VNG AG with its workforce of roughly 700 employees delivered 183 billion kWh of gas and generated sales of 4.8 billion euros.
For further information, please go to http://www.vng.de.