PEGAS trading volumes in December 2018

PEGAS trading volumes in December 2018
PEGAS closes 2018 with strong spot volumes in December

Paris, 3 January 2019 - PEGAS, the pan-European gas trading platform operated by Powernext, reports another strong month of trading on its spot segment with 95.4 TWh in December 2018, amid the end-of-the-year holiday season. The total volume traded during the last month of 2018 amounted to 158.1 TWh (December 2017: 169.3 TWh).  

Spot Markets

Spot trading volumes in December reached 95.4 TWh, which is almost equal to the previous year (95.7 TWh). Fresh from the November volume record, the Dutch TTF market still saw a sharp increase of 34% compared to the previous year (December 2017: 28.8 TWh). The German delivery zones NCG and Gaspool registered a volume of 31.9 TWh (December 2017: 34.9 TWh). Trading of quality-specific contracts reached 8.9 TWh. In France, the PEG traded 9.5 TWh (December 2017: 15.9 TWh). The Austrian CEGH VTP volume registered 5.2 TWh (December 2017: 7.0 TWh). The Belgian markets ZTP and ZEE volumes amounted to 5.8 TWh, which represented a growth of 20% from last year (4.8 TWh). The Danish market ETF registered 2.6 TWh, up 44% (December 2017: 1.8 TWh). Finally, the Czech market area CZ VTP traded 296 GWh, an increase of 74% (December 2017: 170 GWh).

 

Geographical spread transactions reached 4.9 TWh, while the German and French locational and hourly products totalled 1.5 TWh.

Derivatives Markets

In December, derivatives trading amounted to 62.7 TWh (December 2017: 73.6 TWh). The TTF market reached 47.7 TWh (December 2017: 63.1 TWh). The NCG and GASPOOL delivery areas finished the month of December with 6 TWh which represented an increase of 47% (December 2017: 4.1 TWh). CEGH VTP more than doubled last year’s trading result with 3.5 TWh (December 2017: 1.6 TWh). The PEG market area almost registered a 3-fold growth with 2.7 TWh (December 2017: 930 GWh). The Italian PSV hub traded 859 GWh (December 2017: 3.5 TWh). The CZ VTP hub registered 820 GWh, up 79% (December 2017: 459 GWh).

The volume of geographical spread transactions accounted for 4.6 TWh and time spread transactions amounted to 2.5 TWh. Finally, 11.9 TWh were traded on PEGAS’ OTC platforms.

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  

 

Gas Spot Market

Monthly volume
in MWh

Monthly volume – previous year
in MWh

Total

95,440,814

95,678,799

CEGH VTP

5,249,782

7,000,800

CZ VTP

295,872

170,256

ETF

2,597,025

1,801,644

GASPOOL

12,996,027

12,120,476

NBP

5,158

246,151

NCG

18,937,162

22,785,028

PEG

9,542,143

15,853,238

TTF

38,480,254

28,816,822

ZEE

657,566

158,992

ZTP

5,142,659

4,669,174

Congestion Management Platform (France)

0

226,000

Locational Products. incl. Hourly Products

1,537,166

1,830,218

Gas Derivatives Market

Monthly volume
in MWh

Monthly volume – previous year
in MWh

Total

62,675,766

73,645,312

CEGH VTP

3,544,226

1,601,628

CZ VTP

820,381

459,321

ETF

0

22,320

GASPOOL

927,481

1,267,079

NBP

0

0

NCG

5,031,093

2,789,231

PEG

2,739,261

930,347

PSV

859,343

3,476,950

TTF

47,721,979

63,098,436

ZEE

0

0

ZTP

1,032,002

0

Gas Options Market

Monthly volume
in MWh

Monthly volume – previous year
in MWh

Total

0

N/A

TTF

0

N/A