The pan-European gas trading platform PEGAS registered a total volume of 123.6 TWh in May 2016, representing almost three times the volume traded over the same period last year (May 2015: 45.7 TWh). The increase was reflected on both the spot and the futures segments with a more significant growth on the latter.
Spot Markets
Spot trading volumes in May reached 46.8 TWh, which amounts to an increase of 54% compared to the previous year (30.4 TWh). On the Dutch market area TTF, 12.0 TWh were traded which represents a year on year increase of 34%. The German NCG and GASPOOL hubs registered the biggest volume on PEGAS Spot with a total of 21.2 TWh, an increase of 48% compared to the previous year (14.3 TWh). Trading of quality-specific spot contracts for Germany totalled 7.6 TWh. The French PEGs volume totalled 10.2 TWh, while the Belgian ZTP and ZEE reached a new high of 2.4 TWh (previous record: 1.6 TWh in April 2016). Furthermore, spread transactions amounted to 3.6 TWh.
The locational products in Germany and France registered a total volume of 997,254 MWh, among which 980,307 MWh were traded on the Hourly products in 4,087 transactions.
Derivatives Markets
In May, the PEGAS derivatives market reported a five-fold increase with 76.8 TWhbeing traded throughout the month (15.3 TWh in May 2015). The Dutch TTF futures market was the main contributor with a total monthly figure of 64.1 TWh, representing more than 6 times the volume traded in 2015 (10.6 TWh). Trading in the German NCG and GASPOOL delivery areas reached 6.3 TWh in May (+127% compared to last year), while the French PEG Nord and TRS market areas doubled their monthly volume with 3.8 TWh (1.7 TWh in May 2015). Moreover, the PSV market area registered their second best month with 2.4 TWh. Clearing via trade registration reached 4.0 TWh while the total volume of spread transactions amounted to 3.1 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 Belgian, 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 spread products between these market areas. This setup enables market harmonisation and forms the preferred pan-European natural gas market. For more information: www.pegas-trading.com
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PEGAS Trading Volumes In May 2016: PEGAS Strengthened Its Market Position Year-On-Year
Date 01/06/2016
