PEGAS trading volumes improve by 34% year-on-year, with futures volume over 100 TWh

PEGAS trading volumes improve by 34% year-on-year, with futures volume over 100 TWh
PEGAS trading volumes in June 2017

Paris, 3 July 2017. PEGAS, the pan-European gas trading platform operated by Powernext, registered a total volume of 167.7 TWh in June 2017, including 108.1 TWh traded on its futures segment. The overall volume increase was supported notably by new high marks on the CEGH VTP and ZTP delivery areas.


Spot Markets

Spot trading volumes in June reached 59.6 TWh, which represents an increase of 48% compared to the previous year (40.2 TWh). The volume on the Dutch TTF market area amounted to 15.5 TWh, a growth of 26% compared to June 2016 (12.3 TWh). The German delivery zones NCG and GASPOOL reached 18.3 TWh, an improvement of 15% (June 2016: 16.0 TWh), while trading of quality-specific spot contracts totalled 3.0 TWh. The French PEGs volume rose by 31% to 12.8 TWh (June 2016: 9.7 TWh). As the case last month, the Austrian CEGH VTP broke a monthly record by topping 6.6 TWh (previous record: 5.4 TWh in May 2017). The Belgian markets ZTP and ZEE rose to 4.5 TWh, including a new monthly volume record on the ZTP hub with 4.3 TWh (previous record: 3.9 TWh in May 2017). The Danish market ETF registered a volume of 1.4 TWh in June.

The geographical spread transactions accounted for 4.6 TWh, while the German and French locational and hourly products totalled 517 GWh. 


Derivatives Markets

In June, PEGAS derivatives achieved an excellent result by crossing the 100 TWh plateau for the first time since April 2016. A total of 108.1 TWh was traded, driven by consistent improvements across the board. The Dutch TTF futures market reached 95.1 TWh which represents an increase of 32% year-on-year (June 2016: 72.2 TWh). Trading in the NCG and GASPOOL delivery areas registered 7.3 TWh in June. The French PEG Nord and TRS market areas totalled 2.2 TWh, and the Italian PSV delivery zones amounted to 454 GWh. The Austrian CEGH VTP market area registered a new monthly record with 2.2 TWh (previous record: 1.94 TWh in May 2017). Finally, 22 GWh were traded on the Danish ETF front month contract in June.

The time spread products reached a new high with over 14.0 TWh and the volume of geographical spread transactions amounted to 2.6 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 Austrian, Belgian, 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 and time spread products. 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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