PEGAS: Strong volumes in October supported by new spot and futures records

PEGAS: Strong volumes in October supported by new spot and futures records
PEGAS trading volumes in October 2016

Paris, 3 November 2016. PEGAS, the pan-European gas trading platform operated by Powernext, registered a total volume of 131.2 TWh in October 2016 which represents an increase of 21% compared to the previous year (108.8 TWh). The strong result also included new records on the spot (PEGs) and futures segments (GASPOOL, PSV, ZEE and ZTP). 

Spot Markets

Spot trading volumes in October reached 52.1 TWh, representing an increase of 28% compared to last year (40.7 TWh) while the Dutch market area TTF registered a strong volume with 13.9 TWh, up 23% compared to October 2015 (11.3 TWh). A total volume of 24.0 TWh was traded on the German NCG and GASPOOL areas, which represents an increase of 41% compared to last year (October 2015: 17.0 TWh). Trading of quality-specific spot contracts for Germany totalled 7.1 TWh. The French PEGs reached a volume record with 12.0 TWh while the Belgian ZTP and ZEE more than tripled last year’s volume with 2.1 TWh. Finally, spread transactions on all hubs amounted to 4.0 TWh. 

The hourly products for Germany and France registered their highest volume to date with 1.3 TWh. 

Derivatives Markets

In October, the volume on the PEGAS derivatives market reached 79.1 TWh, which represents an increase of 16% compared to the previous year (68.1 TWh). The TTF futures market contributed 61.7 TWh to the total monthly derivatives volume, up 20% from October 2015 (51.3 TWh). Trading in the NCG and GASPOOL delivery areas reached 11.8 TWh in October (October 2015: 11.7 TWh), including a record month on GASPOOL with 7.0 TWh (previous record: 6.1 TWh in December 2015). The French PEG Nord and TRS market areas reached a volume of 2.2 TWh. The Italian PSV market doubled last year’s total volume with 3.0 TWh, while registering a record month on the physical segment (previous record: 1.4 TWh in February 2016). The Belgian ZTP and ZEE hubs also recorded a new high with 378 GWh. The total volume of spread transactions amounted to 5.8 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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