APX to launch Zeebrugge gas exchange

APX – formerly known as the Amsterdam Power Exchange – today said it will launch a natural gas exchange for the Zeebrugge hub in January 2005. APX will develop the exchange in conjunction with Huberator, a subsidiary of Fluxys, the Belgian gas transmission operator.

The exchange will be an online, screen-based electronic trading platform – initially for the short-term market, offering both physical and financial products. Physical products will be cleared day-ahead, and financial products will be offered with the possibility of physical delivery, APX said at a conference in Amsterdam today.

APX will operate the platform, which will be fully integrated with the company’s UK-based gas trading platform, and will also provide clearing services. Huberator

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