PEGAS, the pan-European gas trading platform operated by Powernext, registered a total volume of 152.1 TWh in December 2016. This strong result was further supported by an overall record volume on the spot segment with 75.1 TWh being traded, (previous record: 63.9 TWh in February 2016).
Spot Markets
Spot trading volumes in December reached 75.1 TWh , representing an increase of 53% compared to the previous year (49.1 TWh). The Dutch market area TTF registered a record volume with 19.3 TWh, (previous record: 18.3 TWh in August 2016). Furthermore, a total volume of 30.7 TWh was traded in the German market areas, including a new monthly record on GASPOOL with 10.4 TWh (previous record: 8.0 TWh in October 2016). Trading of quality-specific spot contracts for Germany totalled 8.9 TWh. The French PEGs registered another strong month with 14.5 TWh which represents a increase of 27% compared to last year (11.4 TWh). The Belgian ZTP and ZEE reached a new monthly volume record with 4.2 TWh. Finally, spread transactions on all hubs amounted to 3.3 TWh, while the hourly products for Germany and France registered 1.8 TWh.
Launched on 1st December, the Austrian CEGH VTP reached 2.6 TWh. The Danish market ETF completed its first full month on PEGAS with a volume of 1.9 TWh traded during December. As a comparison, CEGH and Gaspoint Nordic each registered 1.8 TWh in December 2015 in their respective delivery areas.
Derivatives Markets
In December, the volume on the PEGAS derivatives market reached 77.0 TWh (December 2015: 94.2 TWh). The TTF futures market contributed 58.4 TWh to the total monthly derivatives volume. Trading in the NCG and GASPOOL delivery areas reached 13.7 TWh in December, which represents an increase of 14% compared to the previous year (12.0 TWh). The French PEG Nord and TRS market areas reached a volume of 2.1 TWh, while the Italian PSV market totalled over 1.0 TWh in December. 216 GWh were traded on the Belgian ZTP and ZEE hubs. The total volume of spread transactions amounted to 3.2 TWh.
In its first month of trading on PEGAS, the Austrian CEGH VTP totalled 1.1 TWh. The Danish ETF front month product traded over 283 GWh in December. As a comparison, CEGH registered 323 GWh and Gaspoint Nordic 22 GWh in December 2015.
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 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 December 2016
|
Gas Spot Market |
Monthly volume |
Monthly volume – previous year |
|
Total |
75,082,164 |
49,132,112 |
|
CEGH VTP |
2,631,970 |
n/a |
|
ETF |
1,924,565 |
n/a |
|
GASPOOL |
10,449,088 |
7,695,807 |
|
NBP |
1,993 |
27,256 |
|
NCG |
20,213,252 |
14,561,837 |
|
PEG Nord |
9,712,221 |
7,024,576 |
|
TRS |
4,768,990 |
4,358,510 |
|
TTF |
19,343,625 |
14,719,301 |
|
ZEE |
652,056 |
26,083 |
|
ZTP |
3,542,572 |
702,674 |
|
Hourly Products |
1,841,832 |
16,068 |
|
Gas Derivatives Market |
Monthly volume |
Monthly volume – previous year |
|
Total |
76,982,026 |
94,180,784 |
|
CEGH VTP |
1,146,750 |
n/a |
|
ETF |
282,720 |
n/a |
|
GASPOOL |
3,565,384 |
6,143,696 |
|
NBP |
0 |
0 |
|
NCG |
10,183,676 |
5,867,296 |
|
PEG Nord |
1,946,600 |
2,712,320 |
|
PSV Physical |
972,940 |
195,000 |
|
PSV Financial |
37,200 |
1,024,800 |
|
TRS |
197,160 |
344,720 |
|
TTF |
58,433,622 |
77,892,952 |
|
ZEE |
178,774 |
0 |
|
ZTP |
37,200 |
0 |
