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PEGAS, the pan-European gas trading platform operated by Powernext, registered a total volume of 140.7 TWh in May 2017, pulled by its spot segment which jumped by 34%, while PEGAS Futures slightly increased year-on-year. Moreover, an overall monthly volume record was reached on the CEGH VTP hub with 7.4 TWh (previous record: 6.6 TWh in March 2017).
Spot Markets
Spot trading volumes in May reached 62.9 TWh , which represents an increase of 34% compared to the previous year (46.8 TWh). The Dutch market area TTF registered a significant increase with 18.2 TWh, a growth of 51% compared to May 2016 (12.0 TWh). The German delivery zones reached to 20.9 TWh (May 2016: 21.2 TWh), and trading of quality-specific spot contracts totalled 5.2 TWh. The French PEGs volume increased by 22% with 12.5 TWh. The Austrian CEGH VTP broke a monthly record by reaching 5.4 TWh (previous record: 5.2 TWh in February 2017). The Belgian markets ZTP and ZEE rose to 4.0 TWh, including a monthly volume record on the ZTP hub with 3.9 TWh (previous record: 3.5 TWh in December 2016). The Danish market ETF registered a volume of 1.0 TWh in May.
The geographical spread transactions accounted for 3.9 TWh, while the German and French locational and hourly products totalled 900 GWh.
Derivatives Markets
In May, the volume on the PEGAS derivatives market reached 77.8 TWh , driven once again by the TTF futures market with 66.5 TWh. The increases amount to 1.4% and 3.6% respectively year-on-year. Trading in the NCG and GASPOOL delivery areas registered 6.4 TWh in May, up 1% from last year. The French PEG Nord and TRS market areas totalled 1.9 TWh, and the Italian PSV delivery zones amounted to 904 GWh. The Austrian CEGH VTP market area closed the month of May with a new monthly record of 1.94 TWh (previous record: 1.89 TWh in March 2017). Finally, 22 GWh were traded on the Danish ETF front month contract in May.
The time spread products reached 6.9 TWh and the volume of geographical spread transactions amounted to 2.1 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
PEGAS – Monthly Figures Report for May 2017
|
Gas Spot Market |
Monthly volume |
Monthly volume – previous year |
|
Total |
62,888,349 |
46,781,275 |
|
CEGH VTP |
5,405,810 |
n/a |
|
ETF |
1,041,253 |
n/a |
|
GASPOOL |
7,079,304 |
5,889,184 |
|
NBP |
1,612 |
14,654 |
|
NCG |
13,813,410 |
15,282,541 |
|
PEG Nord |
8,387,316 |
6,034,832 |
|
TRS |
4,067,744 |
4,161,984 |
|
TTF |
18,177,616 |
12,008,462 |
|
ZEE |
148,646 |
13,481 |
|
ZTP |
3,865,278 |
2,378,883 |
|
Locational Products, incl. Hourly Products |
900,360 |
997,254 |
|
Gas Derivatives Market |
Monthly volume |
Monthly volume – previous year |
|
Total |
77,835,360 |
76,777,086 |
|
CEGH VTP |
1,944,250 |
n/a |
|
ETF |
21,600 |
n/a |
|
GASPOOL |
2,987,658 |
1,364,912 |
|
NBP |
0 |
65,941 |
|
NCG |
3,399,340 |
4,960,135 |
|
PEG Nord |
1,802,170 |
3,708,000 |
|
PSV Physical |
889,560 |
1,396,920 |
|
PSV Financial |
14,640 |
1,001,640 |
|
TRS |
89,400 |
133,800 |
|
TTF |
66,462,102 |
64,123,758 |
|
ZEE |
0 |
21,980 |
|
ZTP |
224,640 |
0 |
