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July PEGAS spot volumes increase by 55 per cent year-on-year

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PEGAS, the pan-European gas trading platform operated by the French Powernext SA, saw a total volume of 86.1 TWh traded in July 2016 which represents a growth of 20 per cent compared to the previous year (71.6 TWh).

Spot trading volumes in July reached 40.3 TWh, which amounts to an increase of 55 per cent compared to the previous year (26.0 TWh). On the Dutch market area TTF, 12.5 TWh were traded, 69 per cent more than in July 2015 (7.4 TWh). The German NCG and GASPOOL hubs together registered the biggest share on PEGAS Spot with a total of 14.9 TWh, an increase of 63 per cent (July 2015: 9.1 TWh). Trading of quality-specific spot contracts for Germany totalled 4.6 TWh. The French PEGs volume totalled 10.1 TWh, while the Belgian ZTP and ZEE reached 2.2 TWh. Lastly, spread transactions of all hubs amounted to 3.9 TWh.

The locational products in Germany and France registered a total volume of 540,694 MWh, among which 532,894 MWh were traded on the Hourly products in 3,866 transactions.

In July, the volume on the PEGAS derivatives market amounted to 45.9 TWh (45.7 TWh in July 2015). The Dutch TTF futures market was the main contributor with a total monthly volume of 37.3 TWh (July 2015: 32.5 TWh). Trading in the German NCG and GASPOOL delivery areas reached 4.7 TWh in July (July 2015: 8.7 TWh), while the French PEG Nord and TRS market areas reached a volume of 1.7 TWh (July 2015: 3.4 TWh). Moreover, the PSV market area registered 2.1 TWh. Clearing via trade registration reached 1.7 TWh while the total volume of spread transactions also amounted to 1.7 TWh.

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 Belgian, 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 spread products between these market areas. This setup enables market harmonisation and forms the preferred pan-European natural gas market. 

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