PEGAS, the pan-European gas trading platform operated by Powernext, registered a total volume of 125.0 TWh in August 2016, an increase of 90 per cent compared to the previous year (65.9 TWh) and 45 per cent 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 trading volumes in August 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 August 2015.
A total volume of 18.9 TWh was traded on the German NCG and GASPOOL, a two-fold increase from last year (August 2015: 9.1 TWh).
Trading of quality-specific spot contracts for Germany totalled 5.1 TWh. The French PEGs volume increased by 36 per cent 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.
In August, the volume on the PEGAS derivatives market reached 75.1 TWh (42.1 TWh in August 2015). As previously, the TTF futures market was the main contributor with a total monthly volume of 62.2 TWh (August 2015: 29.5 TWh).
Trading in the NCG and GASPOOL delivery areas reached 8.8 TWh in August which amounts to a growth of 43 per cent (August 2015: 6.2 TWh), while the French PEG Nord and TRS market areas reached a volume of 3.5 TWh (August 2015: 5.7 TWh).
Clearing via trade registration reached 128,240 MWh while the total volume of spread transactions amounted to 2.8 TWh.
