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PEGAS, the pan-European gas trading platform operated by Powernext, registered a total volume of 150.3 TWh in July 2017, which represents an increase of 75% compared to the previous year (July 2016: 86.1 TWh). Growth in volumes was observed across spot and futures market segments.
Spot Markets
Spot trading volumes in July reached 54.2 TWh, an increase of 35% on the previous year (40.3 TWh). On the Dutch market area TTF, 13.2 TWh were traded, 6% more than in July 2016 (12.5 TWh). The German delivery zones NCG and GASPOOL saw volumes of 18.3 TWh, an improvement of 23% (July 2016: 14.9 TWh), while trading of quality-specific spot contracts reached 5.3 TWh. The French PEGs volume totalled 11.2 TWh, which represents a growth of 10% compared to July 2016 (10.1 TWh). With 6.4 TWh, the Austrian CEGH VTP came close to breaking the record established in June 2017. The Belgian markets ZTP and ZEE rose to 3.3 TWh, an increase of 47% compared to last year (2.2 TWh in July 2016). The Danish market ETF registered a volume of 1.4 TWh in July.
Across PEGAS markets, geographical spread transactions accounted for 3.4 TWh, while the German and French locational and hourly products totalled 486 GWh.
Derivatives Markets
In July, PEGAS derivatives neared the 100 TWh threshold hitting 96.2 TWh (July 2016: 45.9 TWh). The Dutch TTF futures market reached 84.4 TWh which represents more than double last year’s volume (July 2016: 37.3 TWh). Trading volumes in the NCG and GASPOOL delivery areas totalled 5.5 TWh, an improvement of 16% over July 2016 (4.7 TWh). The French PEG Nord and TRS market areas reached a volume of 2.9 TWh (+67%), and the Italian PSV delivery zone accounted for 1.5 TWh. The Austrian CEGH VTP market area recorded 1.5 TWh and 22 GWh were traded on the Danish ETF front month contract in July.
It was a record month for time spread transactions with 18.6 TWh (previous record: 14.0 TWh in June 2017) and the volume of geographical spread transactions accounted for 2.9 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
