Central European Gas Hub
Encyclopedia
Central European Gas Hub AG (CEGH, formerly known as Gas Hub Baumgarten) is a natural gas
company in Austria
. It was founded in 2000. CEGH is owned by OMV Gas & Power GmbH
(80%) and Wiener Börse AG (Vienna Stock Exchange) 20% It is operated as a subsidiary of OMV Gas International.
Central European Gas Hub provides a trading platform at the a gas hub in Baumgarten an der March
, close to Slovakian and Hungarian borders. Approximately one third of all gas exports from Russia to Western Europe pass through the natural gas junction in Baumgarten. The Baumgarten physical gas hub is wholly owned by OMV.
In late 2008 a deal was going to make iCEGH's owners Gazprom
(30%), OMV (30%), Centrex Europe Energy and Gas AG (20%) and Vienna Stock Exchange (20%). The article The Shadowy Side of Gazpromäs Expanding Central European Gas Hub raised questions about the arrangements.
Natural gas
Natural gas is a naturally occurring gas mixture consisting primarily of methane, typically with 0–20% higher hydrocarbons . It is found associated with other hydrocarbon fuel, in coal beds, as methane clathrates, and is an important fuel source and a major feedstock for fertilizers.Most natural...
company in Austria
Austria
Austria , officially the Republic of Austria , is a landlocked country of roughly 8.4 million people in Central Europe. It is bordered by the Czech Republic and Germany to the north, Slovakia and Hungary to the east, Slovenia and Italy to the south, and Switzerland and Liechtenstein to the...
. It was founded in 2000. CEGH is owned by OMV Gas & Power GmbH
OMV
OMV is Austria's largest oil-producing, refining and gas station operating company with important activities in other Central European countries...
(80%) and Wiener Börse AG (Vienna Stock Exchange) 20% It is operated as a subsidiary of OMV Gas International.
Central European Gas Hub provides a trading platform at the a gas hub in Baumgarten an der March
Baumgarten an der March
Baumgarten an der March is a small subdivision of the municipality of Weiden an der March in Lower Austria, Austria. It has only 192 inhabitants.It is a location of the Central European Gas Hub...
, close to Slovakian and Hungarian borders. Approximately one third of all gas exports from Russia to Western Europe pass through the natural gas junction in Baumgarten. The Baumgarten physical gas hub is wholly owned by OMV.
In late 2008 a deal was going to make iCEGH's owners Gazprom
Gazprom
Open Joint Stock Company Gazprom is the largest extractor of natural gas in the world and the largest Russian company. Its headquarters are in Cheryomushki District, South-Western Administrative Okrug, Moscow...
(30%), OMV (30%), Centrex Europe Energy and Gas AG (20%) and Vienna Stock Exchange (20%). The article The Shadowy Side of Gazpromäs Expanding Central European Gas Hub raised questions about the arrangements.
External links
- Official website
- The importance of gas trading hubs for Slovakia Peter Ševce | 24.07.2008
- The Shadowy Side of Gazprom’s Expanding Central European Gas Hub. Publication: Eurasia Daily Monitor Volume: 5 Issue: 217. November 12, 2008