VW set to reap €400m in profits by selling gas back onto market  

Car maker had planned to use the gas next year at its two power plants in Germany but the price surge, combined with economic and political pressures to conserve the fuel, have led the company to sell it 

Volkswagen is set to receive hundreds of millions of euros in trading profits as it offloads a massive gas fuel hedge, selling large amounts of fuel it previously purchased back into the German market.

Europe’s largest carmaker has directed the sale of 2.6 terawatt-hours worth of gas contracts, according to a document seen by Bloomberg News. That is enough gas to run about 200,000 normal, gas-heated homes for a year.