Thursday, 21 June 2007

CEZ Plans to Start Trading Natural Gas, Coal, Hires More Energy Traders

(Bloomberg) -- CEZ AS, the Czech Republic's biggest
power company, is planning to start trading natural gas and
financial coal contracts this year to benefit from price
movements and to hedge supplies.

``We need to hedge our positions on the fuel side and it's
a way to get to know the gas market,'' Alan Svoboda, CEZ's
executive director of sales and trading, said yesterday in an
interview in Monaco.


Read more at Bloomberg Energy News

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