Essent Trading acquires gas trading license for the Spanish market

Geneva, 04 November 2008 – On 29 September 2008 the Spanish Ministry of Industry, Tourism and Commerce granted Essent Trading a license for trading natural gas on the Spanish market.

This license enables Essent Trading to actively trade in the Spanish gas market, giving the energy trading firm access to one of Europe’s most important European gas markets. As 50 percent of the European import of LNG comes through Spain, Essent Trading will be looking to leverage the size and growth potential of the Spanish gas market for its pan-European portfolio. From an energy trading perspective, Spain is also an attractive market given its drive for sustainable and renewable energy and the newly liberalised gas market.

Earlier this year, Essent Trading confirmed its presence in the Spanish market with the official opening of a local representative office in Madrid, under the management of Maria Fernandez Arguelles, Vice President Iberian Origination. Essent Trading will play an important role in the Spanish market in bringing competition and new solutions, services and products to the market. Essent Trading is actively looking for asset and partnership opportunities across the Iberian Peninsula.

About Essent Trading
Essent Trading (www.essenttrading.com), located in Geneva, Switzerland is a highly prestigious asset backed merchant trading business with its roots in the Netherlands. Essent Trading is recognised as a market leader in Energy trading in Continental Europe and voted as a top tier trading house by Risk Magazine since 2004. The parent company of Essent Trading, Essent N.V. (www.essent.eu) is the largest energy company in the Netherlands with approximately 11,000 employees, more than 5500 MW of diverse generation portfolio and over 2.7 million customers across the Netherlands, Belgium and Germany. Essent is ranked among Europe's leading companies in Renewable and Sustainable energy generation.

Published: 04 November 2008