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PEGAS, the natural gas platform formed by cooperation between the European Energy Exchange (EEX) and Powernext, announced that a total volume of 14.8 TWh was traded on the platform and cleared by the European Commodity Clearing (ECC) in July 2013. In the framework of this cooperation which was launched on 29 May 2013, EEX and Powernext combine their natural gas market activities to create a pan-European gas market.
Spot Markets
Overall, trading volumes on the Spot Markets amounted to 9.8 TWh in July 2013. TheGerman spot markets (market areas GASPOOL and NCG) recorded a volume of 2.7 TWh and in the French spot markets (market areas PEG Nord, PEG Sud, PEG TIGF), the traded volume amounted to 6.2 TWh which represents the best traded volume since the launch of the French spot market in November 2008. The Dutch spot market recorded a volume of 1.0 TWh.
On 28 August 2013, the EEX Spot Market products (Day-ahead and Within-Day) for the market areas GASPOOL, NCG and TTF will be migrated onto PEGAS on a 24/7 basis, and the corresponding spread products will be activated.
Derivatives Markets
In July 2013, trading volumes on the Derivatives Markets connected to PEGAS amounted to 5.0 TWh. The German Futures markets (market areas GASPOOL and NCG) recorded a volume of 1.9 TWh. In the French PEG Nord area, the traded volume amounted to 2.3 TWh while the TTF Futures market recorded a volume of 0.7 TWh in July.
Details on the natural gas volumes and prices are available on clicking here.
