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PEGAS, the pan-European gas trading platform operated by Powernext, registered a total volume of 152.4 TWh in September 2016 which represents a more than two-fold growth compared to the previous year (70.6 TWh). The development was driven by strong volumes on both spot and futures segments.
Spot Markets
Spot trading volumes in September reached 54.2 TWh , which represents an increase of 80% compared to last year (30.2 TWh). The Dutch market area TTF registered a volume close to last month’s record with 17.3 TWh, almost a two-fold growth compared to 9.5 TWh in September 2015. A total volume of 23.6 TWh was traded on the German NCG and GASPOOL areas, which represents an increase of 112% compared to last year (September 2015: 11.2 TWh). Trading of quality-specific spot contracts for Germany totalled 6.6 TWh. The French PEGs volume increased by 24% with 11.1 TWh, while the Belgian ZTP and ZEE reached 1.6 TWh. Spread transactions on all hubs amounted to 4.3 TWh.
The hourly products for Germany and France registered a total volume of 581,088 MWh in 4,275 transactions.
Derivatives Markets
In September, the volume on the PEGAS derivatives market more than doubled to 98.1 TWh (40.4 TWh in September 2015). The TTF futures market contributes up to 85% of the total monthly derivatives volume with 83.1 TWh, which represents more than a three-fold increase year-on-year (September 2015: 24.6 TWh). Trading in the NCG and GASPOOL delivery areas reached 9.5 TWh in September (September 2015: 11.1 TWh). The French PEG Nord and TRS market areas reached a volume of 2.6 TWh (September 2015: 3.4 TWh). Clearing via trade registration reached 9.0 TWh while the total volume of spread transactions amounted to 4.4 TWh.
Details on the natural gas results are available in the enclosed monthly report.
PEGAS is the central gas trading platform of EEX Group operated by Powernext. PEGAS provides its members with access to all products on one single platform and allows them to trade natural gas contracts in the Belgian, Dutch, French, German, Italian and UK market areas. PEGAS has announced that the Austrian and Danish delivery zones will join its platform in the course of 2016. The product range of PEGAS covers spot and derivatives contracts for the major European gas hubs as well as trading in location spread products between these market areas. This setup enables market harmonisation and forms the preferred pan-European natural gas market. For more information: www.pegas-trading.com
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PEGAS – Monthly Figures Report for September 2016 Volumes
|
Gas Spot Market |
Monthly volume |
Monthly volume – previous year |
|
Total |
54,238,133 |
30,180,066 |
|
GASPOOL |
6,308,618 |
4,061,740 |
|
NBP |
15,972 |
21,834 |
|
NCG |
17,330,619 |
7,095,093 |
|
PEG Nord |
7,479,735 |
6,358,066 |
|
TRS |
3,611,688 |
2,589,943 |
|
TTF |
17,291,340 |
9,487,096 |
|
ZEE |
2,227 |
4,836 |
|
ZTP |
1,616,845 |
561,458 |
|
Locational Products |
0 |
n/a |
|
Hourly Products |
581,088 |
n/a |
|
Gas Derivatives Market |
Monthly volume |
Monthly volume – previous year |
|
Total |
98,120,692 |
40,385,961 |
|
GASPOOL |
3,466,795 |
4,374,739 |
|
NBP |
0 |
0 |
|
NCG |
6,064,133 |
6,713,562 |
|
PEG Nord |
2,368,680 |
3,396,060 |
|
PSV Physical |
2,287,080 |
1,224,000 |
|
PSV Financial |
611,400 |
81,360 |
|
TRS |
214,520 |
34,410 |
|
TTF |
83,067,479 |
24,561,830 |
|
ZEE |
21,980 |
0 |
|
ZTP |
18,625 |
0 |
