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German Natural Gas Volumes on EEX Reached Record in February

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March 12 (Bloomberg) -- Natural gas spot trading for Germany on the European Energy Exchange AG reached a monthly record in February, the bourse said.

Volumes in the German Gaspool market area totaled 1.51 million megawatt-hours, a 66 percent increase from the previous peak in December, the exchange said today in an e-mailed statement.

EEX offers volume-based bonuses to companies when certain volume thresholds are reached in day-ahead trading on the gas spot market, the bourse said. The bonus program was started in February and will run until July.

The Leipzig, Germany-based exchange was formed in 2002 by the merger of two regional exchanges. Utilities, energy companies, banks and hedge funds trade electricity, natural gas, coal and carbon-emission contracts on the platform.

To contact the reporter on this story: Rachel Morison in London at rmorison@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net