PEGAS Markets Reach New Record In March - Strong Increase On Natural Gas Futures Markets

PEGAS, the natural gas platform commonly established by European Energy Exchange (EEX) and Powernext, announced that a total volume of 45.5 TWh was traded in March 2014. This represents the highest volume traded on PEGAS so far (previous record: 43.0 TWh traded in January 2014).

“For the first time, the majority of the PEGAS volume comes from our Futures Markets. This is a very promising development and shows the acceptance which PEGAS already has in the market”, says Peter Reitz, CEO of EEX.

Spot Markets

Overall trading volumes on the Spot Markets amounted to 18.9 TWh in March, with strong activity on all PEGAS market areas. The German spot markets (market areas GASPOOL and NCG) recorded a volume of 8.5 TWh (March 2013: 7.3 TWh). This volume included 1.9 TWh traded in quality-specific gas products in March. The French spot markets (market areas PEG Nord, PEG Sud, PEG TIGF) registered a total of 7.6 TWh in March (March 2013: 6.1 TWh). The Dutch TTF spot market registered a volume of 2.8 TWh (March 2013: 1.7 TWh). The overall Spot Market volume included 1.1 TWh traded in spread products. All spread spot products (NCG/TTF, GASPOOL/TTF, PEG Nord/TTF, GASPOOL/NCG, PEG Nord/NCG, PEG Sud/PEG Nord and PEG TIGF/PEG Sud) have traded again this month.

Derivatives Markets

In March, trading volumes on the PEGAS Derivatives Markets amounted to 26.6 TWh which amounted to the best month ever on this specific segment (previous record 19.0 TWh traded in January 2014). At 12.4 TWh, the volume traded on the German Futures markets (GASPOOL and NCG market areas) reached a new monthly record (previous record: 11.8 TWh in January 2014). The TTF Futures market registered its best trading volume with 10.0 TWh in March, which represents 3 times the previous record of 3.4 TWh traded in February 2014. In the French market areas, a total of 4.1 TWh was traded on PEG Nord (March 2013: 1.5 TWh) and PEG Sud Futures.

Jean-François Conil-Lacoste, CEO of Powernext, comments: “Within a tense international context and a high volatility period, March has seen a particularly strong development of PEGAS TTF Futures volumes resulting from a substantial increase of active counterparties. Furthermore, the PEG Sud has also reported a volume record which shows a rising interest for that delivery zone”.

Details on the natural gas volumes and prices are available in the enclosed monthly report.

About PEGAS – Pan-European Gas Cooperation:

PEGAS is a cooperation between the European Energy Exchange (EEX) and Powernext. In the framework of this cooperation, both companies combine their natural gas market activities to create a pan-European gas offering. Members benefit from one common Trayport gas trading platform with access to all spot and derivatives market products offered by the two exchanges for the German, French and Dutch market areas. Furthermore, spread products between these market areas are tradable on the same trading platform. For more information: www.pegas-trading.com

About EEX:

The European Energy Exchange (EEX) is the leading European energy exchange. It develops, operates and connects secure, liquid and transparent markets for energy and related products on which power, natural gas, CO₂ emission allowances, coal and guarantees of origin are traded. In the context of its majority shareholding in Cleartrade Exchange (CLTX), EEX additionally offers the markets for freight, iron ore, fuel oil and fertilizer. Clearing and settlement of all trading transactions are provided by the clearing house European Commodity Clearing AG (ECC). EEX is a member of Eurex Group. For more information: www.eex.com

About Powernext:

Powernext SA manages complementary, transparent and anonymous energy markets. Powernext Gas Spot and Powernext Gas Futures were launched on 26 November 2008 in order to hedge volume and price risks for natural gas in France and in the Netherlands. Powernext manages the National Registry for electricity guarantees of origin in France since 1 May 2013. Powernext owns 50 % in EPEX SPOT and 20 % in EEX Power Derivatives. For more information: www.powernext.com

PEGAS – Monthly Figures Report for March 2014

Volumes

Indices