EDF Trading builds its natural gas business in Spain
EDF Trading, the subsidiary of French utility EDF, responsible for wholesale energy market activity, has been granted a licence to trade physical natural gas in Spain and plans to start delivery of physical gas to market counterparties later this year.
With a focus on co-generators and industrial customers in Spain, EDF Trading will provide market counterparts with products to manage their gas exposure. This could include location swaps between the international gas markets and Spain. EDF Trading may receive gas from pipelines in France and Algeria and via LNG cargoes in Spain, the company said.
EDF Trading currently trades natural gas in Spanish financial markets and is already active in the Spanish electricity markets. It trades gas on all
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