PEGAS: February Volumes Increase By 92 Percent Year-On-Year

PEGAS, the natural gas platform established by the European Energy Exchange (EEX) and Powernext, announced that a total volume of 32.9  TWh  was  traded  in  February  2014.  Therefore,  the  volume  increased  by  92 percent compared to the 17.1 TWh traded on the natural gas markets of EEX and Powernext in February 2013.

Spot Markets

Overall, trading volumes on the Spot Markets amounted to 19.4 TWh in February. The German spot markets (market areas GASPOOL and NCG) recorded a volume of 7.7 TWh which is an increase of more than 50 percent compared to the previous year (February 2013: 4.9 TWh). The volume included 1.4 TWh traded in quality-specific gas products in February. Furthermore, at 2.6 TWh, the volume on the Dutch spot market more than doubled (February 2013: 1.2 TWh) and the French spot markets (market areas PEG Nord, PEG Sud, PEG TIGF) registered strong volumes with 9.0 TWh traded in February which represents an increase of over 87 percent compared to the previous year (February 2013: 4.7 TWh). The overall Spot Market volume included 1.0 TWh traded in spread products, with 115 GWh for the new PEG TIGF / PEG Sud spread contract which was launched at the beginning of February.

Derivatives Markets

In  February,  trading  volumes  on  the  PEGAS  Derivatives  Markets  amounted  to 13.5 TWh. The volume traded on the German Futures markets (GASPOOL and NCG market areas) amounted to 7.1 TWh which is more than 3 times the volume of the previous  year  (February  2013:  2.0  TWh).  In  the  French  market  areas,  a  total  of 2.9 TWh was traded on PEG Nord (2.3 TWh) and PEG Sud Futures (564 GWh). The fast development of transactions on the PEG Sud, which recorded the highest volume since launch is an extremely encouraging trend. The TTF Futures market registered a record  volume  of  3.4 TWh  in  February,  which  represents  a  42  percent  increase compared with the previous record of 2.4 TWh traded in January 2014.