EEX to migrate natural gas spot markets on 28 August
The European Energy Exchange (EEX) continues to migrate its natural gas products onto PEGAS, the common gas trading platform of EEX and Powernext.
Once the migration of the Spot Market products for GASPOOL, NCG and TTF scheduled on 28 August 2013 is complete, the full range of EEX and Powernext products will be tradable on PEGAS.
In addition, a number of location spread contracts will be activated for trading on the Spot Market, comprising of: GASPOOL/NCG, GASPOOL/TTF, NCG/TTF, PEG Nord/TTF and PEG Nord/NCG.
The location spreads between the PEG Sud/PEG Nord areas are already tradable on PEGAS for members of Powernext.
PEGAS was launched on 29 May 2013 with all existing Powernext natural gas products. The EEX natural gas derivatives products for the market areas GASPOOL (4 June) and NCG (27 June) have already been migrated successfully onto PEGAS.
From 1 June 2013 to 23 July 2013, volumes on the EEX natural gas derivatives market have increased by 13 per cent to 4,077,600 MWh compared to the same period last year (3,599,785 MWh).
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