PEGAS Trading Volumes In April 2016 - PEGAS Volume Doubles Year-On-Year

The pan-European gas trading platform PEGAS registered a total volume of153.7 TWh in April 2016, which represents almost the double of the volume traded over the same period last year (April 2015: 77.0 TWh). The increase was driven by a volume increase on the futures market with 104.2 TWh (April 2015: 30.5 TWh).

Spot Markets

Spot trading volumes in April reached 49.5 TWh. On the Dutch market area TTF, 13.6 TWh were traded which represents a growth of 9% compared to last year. The German NCG hub registered a total volume of 18.2 TWh (+20%), while GASPOOL accounted for 6.4 TWh in April. Trading of quality-specific spot contracts for Germany reached 11.2 TWh. The French PEGs volume amounted to 9.4 TWh, while the Belgian ZTP and ZEE totalled 1.6 TWh. Furthermore, spread transactions amounted to 2.9 TWh. The locational products in Germany and France, including those launched on the German NCG market area on 30 March, recorded a volume of 36 574 MWh.

In April 2016, 1,129 transactions were registered in the hourly products with a total volume of 265 795 MWh. These products were introduced for balancing purposes and portfolio optimisation on 30 March in the GASPOOL, NCG and TTF market areas on the VTPs, and in the NCG market area on the locational points Elten and Vreden. Hourly products allow PEGAS members to trade the next 24 hours individually with a lead time of 3 hours.

Derivatives Markets

In April, the PEGAS derivatives market reported a three-fold increase with104.2 TWh. The Dutch TTF futures market was once again the major driver of this development by registering a total monthly volume of 91.8 TWh which represents more than 4 times last year’s volume. Trading in the German NCG and GASPOOL delivery areas reached 7.2 TWh in April (+20% compared to last year). The PSV market area continued its growth path with a total of 2.5 TWh. Trading volumes on the French PEG Nord and TRS market areas amounted to 2.8 TWh. Clearing via trade registration reached 1.3 TWh while the total volume of spread transactions amounted to 2.5 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. 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

PEGAS – Monthly Figures Report for April 2016

Volumes