PEGAS, the pan-European gas trading platform operated by Powernext, registered a total volume of 166.6 TWh in March 2017, confirming the increasing trend on the futures segment and another strong month for the time spread instruments.
It represents a of 25 per cent increase compared to last year (133.1 TWh).
PEGAS CEGH VTP market area registered an all-time monthly volume high with 6.6 TWh in March (previous record: 6.2 TWh in February 2017), substantiating members’ interest in a larger product offering on the PEGAS platform.
Spot trading volumes in March reached 69.2 TWh, an increase of 22 per cent compared to the previous year (56.8 TWh).
The Dutch market area TTF registered 19.5 TWh, a growth of 19 per cent compared to March 2016 (16.3 TWh). The German delivery zones recorded a total volume of 24.0 TWh (March 2016: 26.9 TWh), while trading of quality-specific spot contracts totalled 9.6 TWh.
The French PEGs registered 15.1 TWh up 26 per cent compared to the previous year (12.0 TWh). The Belgian markets ZTP and ZEE reached 3.0 TWh, an increase of 93 per cent from March 2016 (1.6 TWh).
The Austrian CEGH VTP reached a strong 4.7 TWh, while the Danish market ETF registered a volume of 1.3 TWh in March.
The geographical spread transactions increased to 4.2 TWh and the locational and hourly products for Germany and France registered 1.5 TWh.
In March, the volume on the PEGAS derivatives market reached 97.5 TWh which represents a raise of 28 per cent compared to last year (76.3 TWh). The TTF futures market registered 84.3 TWh, up 30 per cent from the previous year (64.9 TWh).
Trading in the NCG and GASPOOL delivery areas amounted to 7.9 TWh in March, an increase of 75 per cent compared to last year (4.5 TWh).
The French PEG Nord and TRS market areas totalled 15.1 TWh, and the Italian PSV delivery zones amounted to 913 GWh. The Austrian CEGH VTP market area registers its best ever futures volume with 1.9 TWh (previous record: 1.2 TWh in November 2016).
The Danish ETF front month product registered a volume of 68 GWh in March.
The time spread products totalled its best volume with 8.1 TWh in March. The volume of geographical spread transactions amounted to 2.8 TWh.
