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PEGAS, the pan-European gas trading platform operated by Powernext, has continued on its growth path of 2015, recording 126.0 TWh on the derivatives market in the first month of 2016, thereby exceeding the monthly volume of 100 TWh for the first time. On the spot market, 52.5 TWh were achieved, which represents the largest monthly volume ever traded on PEGAS spot markets (previous record: 49.1 TWh in December 2015). In total the derivatives and spot markets accounted for 178.2 TWh, more than twice the volume traded in January 2015 (72.1 TWh).
Spot Markets
Overall, spot trading volumes in January exceeded the 50-TWh threshold with 52.5 TWh, representing a year-on-year increase of 27%. In particular, trading for the market areas TTF and NCG contributed to this positive development. In TTF, 14.3 TWh were traded (which is a year-on-year increase of 30%) and the NCG volume increased by 47% to a high of 17.7 TWh (previous record: 15.2 TWh in April 2015). Furthermore, new volume records were achieved in the German GASPOOL area with 8.0 TWh (previous record: 7.7 TWh in December 2015) as well as in trading of quality-specific spot contracts for Germany at 12.5 TWh. The Belgian ZTP also reached a new high with 888,020 MWh registered in this market area (previous record: 703 GWh in December 2015). The new locational products launched in November for Germany and France recorded a volume of 194,558 MWh. Finally, spread transactions amounted to 2.2 TWh.
Derivatives Markets
In January, the PEGAS derivatives market volume rose substantially, with 126.0 TWh being traded (previous record: 94.2 TWh in December 2015). This represents more than three-fold the volume traded in January 2015 (30.9 TWh). The Dutch TTF futures market was the main driver of this development, reaching 102.6 TWh, which represents an increase of 32% compared to the previous record (77.9 TWh in December 2015). Additionally, trading in the German NCG and GASPOOL delivery area more than doubled to 16.3 TWh in January, while trading volumes on the French PEG Nord and TRS market areas reached 6.0 TWh. Clearing via trade registration amounted to 2.0 TWh while the total volume of spread transactions reached 5.2 TWh in January.
PEGAS – Monthly Figures Report for January 2016
Volumes
|
Gas Spot Market |
Monthly volume |
Monthly volume – previous year |
|
Total |
52,454,339 |
41,159,428 |
|
GASPOOL |
7,954,300 |
6,767,006 |
|
NBP |
16,119 |
n/a |
|
NCG |
17,661,299 |
12,043,392 |
|
PEG Nord |
7,020,731 |
7,914,890 |
|
TRS |
4,400,420 |
3,166,270 |
|
TTF |
14,318,892 |
11,002,039 |
|
ZEE |
0 |
n/a |
|
ZTP |
888,020 |
265,831 |
|
Locational Products |
194,558 |
n/a |
|
Gas Derivatives Market |
Monthly volume |
Monthly volume – previous year |
|
Total |
125,744,552 |
30,895,238 |
|
GASPOOL |
2,950,622 |
1,402,166 |
|
NBP |
0 |
n/a |
|
NCG |
13,358,453 |
4,782,630 |
|
PEG Nord |
5,518,600 |
4,633,370 |
|
PSV Physical |
856,680 |
n/a |
|
PSV Financial |
234,240 |
n/a |
|
TRS |
223,880 |
91,560 |
|
TTF |
102,602,077 |
19,985,512 |
|
ZEE |
0 |
n/a |
|
ZTP |
0 |
0 |
Details on the natural gas results are available in the monthly report.
