10 years of pioneering

Huberator celebrates its 10th anniversary this year. The company was created in the wake of the first UK-continent gas link between Bacton and Zeebrugge coming on stream. As price differentials between both markets presented arbitrage opportunities the market expressed the need for an actor to facilitate trading in Zeebrugge. Huberator was the answer. The company was created as a subsidiary of Belgian TSO Fluxys and developed the Zeebrugge short-term gas market that would become known as the Zeebrugge Hub. At the time the Zeebrugge hub was the first short-term market in continental Europe. In the meantime the gas hub landscape on the continent has widely developed and Huberator still keeps its pioneering spirit alive.

2008 and 2009 have seen several all-time highs in daily net traded volume and the community of traders at the Zeebrugge Hub keeps growing. Huberator currently has 77 members showing a balanced mix of physical and financial traders. In the first 10 months of 2009, physical volumes rose by more than 48% and net traded volumes by more than 52% compared to the same period in 2008.  At the end of October 2009, net traded volumes already outstripped total traded volumes for 2008 by 20%.