PEGAS, the pan-European gas trading platform operated by Powernext, registered a total volume of 207.1 TWh in April 2019 (April 2018: 146.4 TWh). The spot segment reported a total volume of 125.5 TWh which represented a 60% increase over the previous year (April 2018: 77.7 TWh) due to the good performance on most PEGAS spot market areas and a new record on CZ VTP which registered 787 GWh (previous record in March 2018: 582 GWh). In addition, 22.3 GWh were traded on PEGAS’ options segment.
Spot Markets
In April, the spot segment amounted to 125.5 TWh. Dutch TTF market registered 51.2 TWh, an increase of 71% compared to the previous year (April 2018: 29.9 TWh). The German delivery zones NCG and Gaspool registered a volume of 45 TWh (April 2018: 23.4 TWh). Trading of quality-specific contracts reached 7.1 TWh. In France, the PEG reached 11.1 TWh (April 2018: 11.4 TWh). The Austrian CEGH VTP traded 6.7 TWh (April 2018: 6.0 TWh). The Belgian markets ZTP and ZEE volumes amounted to 7.9 TWh, which represented a growth of 97% over last year (4 TWh).The Danish market ETF registered 1.7 TWh ( April 2018: 1.7 TWh).
Geographical spread transactions reached 8.5 TWh, while the German and French locational and hourly products totalled 549.5 GWh.
Derivatives Markets
In April, derivatives trading amounted to 81.6 TWh, 18.7% more compared to previous year (April 2018: 68.7 TWh). The TTF market reached 70.1 TWh, which represents a 17.8% increase compared to last year (April 2018: 54.9 TWh). The NCG and GASPOOL delivery areas traded 2.6 TWh (April 2018: 6 TWh). CEGH VTP registered 5.8 TWh, up 20% (April 2018: 4.8 TWh). The PEG market area reached 1.7 TWh, a growth of 4.2% (April 2018: 1.6 TWh). The Italian PSV hub traded 1.2 TWh (April 2018: 1.1 TWh). The CZ VTP traded 47.6 GWh (April 2018: 200.3 GWh).
The volume of geographical spread transactions accounted for 1.4 TWh and time spread transactions amounted to 4.2 TWh.
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
