CMZ Trading builds its natural gas business in Portugal
CMZ Trading has been granted a license to trade natural gas in Portugal and plans to start delivery of physical gas to market counterparties later this year.
- (1888PressRelease) October 10, 2011 - "As the gas market in Portugal develops and becomes liberalized and more transparent, we see opportunities for CMZ Trading to improve market liquidity, to optimize the supply of gas and to offer market participants products that better meet their needs and risk management profile," said Tobiasz Borkowski who heads CMZ Trading's Southern Europe commercial team.
With a focus on co-generators and industrial customers in Portugal, CMZ Trading will provide market counterparts with products to manage their gas exposure and this could include location swaps between the international gas markets and Portugal. CMZ Trading may receive gas from pipelines in France and Algeria and via PNG cargoes in Portugal.
CMZ Trading currently trades natural gas in Portugal financial markets and is already active in the Portugal electricity markets. It trades gas on all of Europe's active trading hubs including Belgium, France, Holland and the UK. It is also active in the developing hubs in Germany, Switzerland, Italy and Austria. In addition, CMZ Trading trades US natural gas on a financial basis.
"Trading physical gas in Portugal is a natural step for CMZ Trading. With our presence in the electricity, emissions, coal and freight markets and our ability to provide financial hedging, we can offer market counterparts a multi-commodity solution that is tailored to their requirements", said Borkowski.
About CMZ Trading
CMZ Trading is a leading online trading and investment specialist with a worldwide client base. The three specialized and fully integrated trading platforms; CMZ Asset Management accommodates high-net worth private clients and institutional investors. In 2010 CMZ Trading continued the diversification of its business. To learn more visit http://cmz-trading.com/
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