PEGAS, the pan-European gas trading platform operated by Powernext, reports strong overall volumes on its spot segment with 90.7 TWh in January 2018. A monthly record was established on the German hub GASPOOL with 13.5 TWh (previous record: 12.7 TWh in January 2017). The total monthly traded volume amounted to 162.9 TWh (January 2017: 165.7 TWh).
Spot Markets
Spot trading volume in January amounted to 90.7 TWh , representing an increase of 5% over the previous year (86.4 TWh). The Dutch market area TTF recorded the biggest jump with 27.9 TWh, up 43% (January 2017: 19.5 TWh). The German delivery zones NCG and GASPOOL registered a volume of 35.1 TWh, while trading of quality-specific spot contracts reached 12.5 TWh. The Austrian CEGH VTP volume increased by 29% with 6.6 TWh (January 2017: 5.1 TWh). The French market areas PEG Nord and TRS registered 13.1 TWh. The Belgian delivery zones ZTP et ZEE saw a volume of 3.6 TWh, up 8% over last year (3.4 TWh). The Danish market ETF recorded their strongest volume since its migration to PEGAS with 2.1 TWh, an increase of over 18% (January 2017: 1.3 TWh). The Czech market area CZ VTP traded 139 GWh in its first full month since its December integration.
Geographical spread transactions reached 7.2 TWh, while the German and French locational and hourly products totalled 1.8 TWh.
Derivatives Markets
In January, PEGAS derivatives reached 72.2 TWh. The Italian PSV delivery zone traded 4.2 TWh, more than a four-fold increase over last year (January 2017: 733 GWh) The TTF futures market finished the month of January with a total of 62.3 TWh. The NCG and GASPOOL delivery areas reached 3.2 TWh. In France, the PEG Nord and TRS market areas achieved 1.6 TWh. The CEGH VTP market area also totalled 1.6 TWh and the new CZ VTP hub reached 257 GWh.
Time spread transactions amounted to 2.3 TWh and the volume of geographical spread transactions accounted for 3.6 TWh.
Details of the market 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 Austrian, Belgian, Czech, Danish, Dutch, French, German, Italian and UK market areas. The product range of PEGAS covers spot and derivatives contracts for the major European gas hubs as well as trading in location and time spread products. This setup enables market harmonisation and forms the preferred pan-European natural gas market. For more information: www.powernext.com/pegas-trading
