Capacity-and-gas trading platform Route4Gas has new chair
The CEO of German Vier Gas Transport (VGT) Christine Wilinski succeeded Stephan Kamphues as the chair of capacity and gas trading platform Route4Gas with effect from July 1.
Kamphues, who is leaving the board and retiring, ran VGT until June 20. VGT owns what was once the Ruhrgas grid, OpenGrid Europe. VGT last year bought a 25% stake in Route4Gas.
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Wilinski said: "I am very excited about the opportunity to help drive the European energy market forward through innovation and fresh thinking. We are amid the biggest transformation in the energy industry, which we need to shape proactively."
Route4Gas founder Alexey Mileev said that Kamphues' vision, leadership and dedication had helped the company achieve much and he was now looking forward to working with Wilinski.
Route4Gas uses an algorithm that matches physical and financial gas positions across all participating clients anonymously, bringing buyers and sellers together to allow gas to reach the end-user in a cost-effective manner. Route4Gas couples not only all European hubs but also certain kinds of storage facilities, unused capacity and existing flows, and opens up corridors for gas with the involvement of several traders in each trade. It has 16 such traders on its books.