OMV Sells 15% Stake in CEGH to Slovak Eurstream

Business › n.a. ♦ Published: September 14, 2012; 13:02 ♦ (Vindobona)

The Austrian oil company reduced its share in Central European Gas Hub from 80% to 65%.

OMV Sells 15% Stake in CEGH to Slovak Eurstream / Picture: © Vindobona.org

The Central European Gas Hub, which offers traders easy access for gas trading, is one of Continental Europe's leading international gas hubs. Since its foundation in 2005, CEGH has seen the number of members rise to 147. Its trading volume in 2011 was approximately 40 bcm and in the first half of 2012, its trading volumes were 23% up on the previous year.

"Joining CEGH is an…

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OMV, Slovakia, Natural Gas, CEGH, M & A, Oil Industry
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