PEGAS Trading Volumes In January 2019 - PEGAS Welcomes 2019 With Monthly Spot Volume Records On TTF, CEGH VTP And ETF

PEGAS, the pan-European gas trading platform operated by Powernext, kicks off the new year with one of its best spot monthly volumes by reaching 124.9 TWh in January. This strong showing was supported by monthly volume records on TTF with 46.5 TWh (previous record: 42.1 TWh in November 2018), on CEGH VTP with 9.7 TWh (previous record: 9.5 TWh in March 2018) and on ETF with 3.4 TWh (previous record: 2.7 TWh in February 2018). The total volume traded in January amounted to 178.0 TWh , including 53.0 TWh on the futures and 161.3 GWh on the options segments, which represents an increase of 9% over last year (January 2018: 162.9 TWh).

Spot Markets

Overall spot trading volumes in January reached 124.9 TWh , up 38% from last year (January 2018: 90.7 TWh). With its record month (46.5 TWh), the Dutch TTF market saw an increase of 67% compared to the previous year (January 2018: 27.9 TWh). The German delivery zones NCG and Gaspool registered a volume of 45.4 TWh, over 29% more than January 2018 (35.1 TWh). Trading of quality-specific contracts reached 14.9 TWh. In France, the PEG traded 10.7 TWh (January 2018: 13.1 TWh). With its record month (9.7 TWh), the Austrian CEGH VTP volume improved by 46% over January 2018 (6.6 TWh). The Belgian markets ZTP and ZEE volumes amounted to 6.9 TWh, which represented a growth of 89% over last year (3.6 TWh). The Danish market ETF registered a record-breaking 3.4 TWh, up 60% (January 2018: 2.1 TWh). Finally, the Czech market area CZ VTP traded 445.3 GWh, a two-fold increase over January 2018 (139.2 GWh). 

Geographical spread transactions reached 6.0 TWh, while the German and French locational and hourly products totalled 1.8 TWh. 

Derivatives Markets 

In January, derivatives trading amounted to 52.9 TWh (January 2018: 72.2 TWh). The TTF market reached 42.2 TWh (January 2018: 61.3 TWh). The NCG and GASPOOL delivery areas traded 3.7 TWh which represented an increase of 17% (January 2018: 3.2 TWh). CEGH VTP registered 2.8 TWh, up 69% (January 2018: 1.6 TWh). The PEG market area reached 2.5 TWh, a growth of 52% (January 2018: 1.6 TWh). The Italian PSV hub reached 1.1 TWh (January 2018: 4.2 TWh). With 328.5 GWh, the CZ VTP hub saw an increase of 28% over the previous year (January 2018: 257.5 GWh).

The volume of geographical spread transactions accounted for 2.9 TWh and time spread transactions amounted to 3.7 TWh. Finally, 6.2 TWh were traded on PEGAS’ OTC platforms.

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, time spread, and options products on the TTF hub. This setup enables market harmonisation and forms the preferred pan-European natural gas market. For more information: www.powernext.com/pegas-trading