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PEGAS, the pan-European gas trading platform operated by Powernext, records a strong month of August with a total volume of 164.5 TWh , which represents an increase of 32% compared to the previous year (August 2016: 125.0 TWh). Growth in volumes was observed especially on the futures segment with 111.5 TWh, including a record for the CEGH VTP market area with 3.1 TWh, almost doubling its previous high established in March 2017 (1.7 TWh).
Spot Markets
Spot trading volumes in August reached 53.1 TWh , up 6% on the previous year (49,9 TWh). On the Dutch market area TTF, 16.5 TWh were traded (August 2016: 18.3 TWh). The German delivery zones NCG and GASPOOL saw volumes of 14.7 TWh (August 2016: 18.9 TWh), while trading of quality-specific spot contracts reached 3.3 TWh. The French PEGs volume totalled 11.2 TWh, which represents a growth of 10% (August 2016: 10.1 TWh). The Austrian CEGH VTP achieved an excellent month with 6.0 TWh. The Belgian markets ZTP and ZEE traded 2.7 TWh, an increase of 28% compared to last year (2.1 TWh in August 2016). The volume on the Danish market ETF rose to 1.5 TWh in August.
Across PEGAS markets, geographical spread transactions accounted for 4.4 TWh, while the German and French locational and hourly products totalled 459 GWh.
Derivatives Markets
In August, PEGAS derivatives soared to 111.5 TWh , which represents an increase of 49% (August 2016: 75.1 TWh). The Dutch TTF futures market reached 99.2 TWh, a growth of over 59% compared to the previous year (August 2016: 62.2 TWh). Trading volumes in the NCG and GASPOOL delivery areas totalled 5.2 TWh (August 2016: 8.8 TWh). The French PEG Nord and TRS market areas reached 1.6 TWh (August 2016: 3.5 TWh), while the volume on the Italian PSV delivery zone more than tripled with 2.2 TWh (August 2016: 489 GWh). The Austrian CEGH VTP market area broke its volume record with 3.1 TWh, as mentioned previously.
Time spread transactions amounted to 18.2 TWh and the volume of geographical spread transactions accounted for 4.2 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 Austrian, Belgian, 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.pegas-trading.com
