PEGAS registers a strong volume push in September with a record on TTF Spot

PEGAS registers a strong volume push in September with a record on TTF Spot
PEGAS trading volumes in September 2016

Paris, 4 October 2016. PEGAS, the pan-European gas trading platform operated by Powernext, registered a total volume of 125.0 TWh in September 2016 which represents a growth of 90% compared to the previous year (65.9 TWh) and 45% compared to July 2016 (86.1 TWh). This development is reflected on all PEGAS markets with 49.9 TWh on the spot and 75.1 TWh on the futures segments.

Spot Markets

Spot trading volumes in September reached 49.9 TWh, which amounts to more than the double of last year’s spot traded volume (23.8 TWh). The Dutch market area TTF registered a monthly record with 18.3 TWh, an almost three-fold growth compared to 6.7 TWh in September 2015 (previous record: 17.6 TWh in February 2016). A total volume of 18.9 TWh was traded on the German NCG and GASPOOL, a two-fold increase from last year (September 2015: 9.1 TWh). Trading of quality-specific spot contracts for Germany totalled 5.1 TWh. The French PEGs volume increased by 36% with 10.1 TWh, while the Belgian ZTP and ZEE soared to 2.1 TWh. Spread transactions of all hubs amounted to 4.6 TWh. 

The Hourly products in Germany and France registered a total volume of 513,859 MWh in 3,492 transactions. 

Derivatives Markets

In September, the volume on the PEGAS derivatives market reached 75.1 TWh (42.1 TWh in September 2015). As previously, the TTF futures market was the main contributor with a total monthly volume of 62.2 TWh (September 2015: 29.5 TWh). Trading in the NCG and GASPOOL delivery areas reached 8.8 TWh in September which amounts to a growth of 43% (September 2015: 6.2 TWh), while the French PEG Nord and TRS market areas reached a volume of 3.5 TWh (September 2015: 5.7 TWh). Clearing via trade registration reached 128,240 MWh while the total volume of spread transactions amounted to 2.8 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. PEGAS has announced that the Austrian and Danish delivery zones will join its platform in the course of 2016. 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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