Hogan Lovells Publications | Oil and Gas Insights | Spring 2017

Spanish Natural Gas Organized Wholesale Market: Completion of Regulatory Framework

The regulatory framework governing the Spanish natural gas organized wholesale market was approved in 2015 and completed in 2016.

The start of operations occurred on 16 December 2015, when the market operator created an electronic platform for negotiation of transactions. There are currently 47 companies qualified as market agents, and the level of transactions has been increasing.

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