Netherlands Could Become the World's Most Important Gas Market
- Volume jumps 13-fold in past four years as U.K. trade shrinks
- EC seeks to challenge role of U.S. dollar in energy markets
Photographer: Jasper Juinen/Bloomberg
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Intercontinental Exchange Inc. says its Dutch natural gas market has the potential to become a world beater in energy trading.
When the owner of the New York Stock Exchange bought an energy bourse in Amsterdam seven years ago, the Netherlands was just one of several regional markets dominated by the U.K. But roles reversed as the region increased imports and utilities adopted contracts in euros to peg imports from Russia, Norway and far-flung places via liquefied natural gas tankers.