PEGAS, The pan-European gas trading platform operated by Powernext, has reported another strong month of trading on its spot segment with 95.4 TWh in December 2018.
The total volume traded during the last month of 2018 amounted to 158.1 TWh (December 2017: 169.3 TWh).
Spot trading volumes in December reached 95.4 TWh, which is almost equal to the previous year (95.7 TWh). Fresh from the November volume record, the Dutch TTF market still saw a sharp increase of 34% compared to the previous year (December 2017: 28.8 TWh). The German delivery zones NCG and Gaspool registered a volume of 31.9 TWh (December 2017: 34.9 TWh). Trading of quality-specific contracts reached 8.9 TWh. In France, the PEG traded 9.5 TWh (December 2017: 15.9 TWh). The Austrian CEGH VTP volume registered 5.2 TWh (December 2017: 7.0 TWh). The Belgian markets ZTP and ZEE volumes amounted to 5.8 TWh, which represented a growth of 20% from last year (4.8 TWh). The Danish market ETF registered 2.6 TWh, up 44% (December 2017: 1.8 TWh). Finally, the Czech market area CZ VTP traded 296 GWh, an increase of 74% (December 2017: 170 GWh).
Geographical spread transactions reached 4.9 TWh, while the German and French locational and hourly products totalled 1.5 TWh.
In December, derivatives trading amounted to 62.7 TWh (December 2017: 73.6 TWh). The TTF market reached 47.7 TWh (December 2017: 63.1 TWh). The NCG and GASPOOL delivery areas finished the month of December with 6 TWh which represented an increase of 47% (December 2017: 4.1 TWh). CEGH VTP more than doubled last year’s trading result with 3.5 TWh (December 2017: 1.6 TWh). The PEG market area almost registered a 3-fold growth with 2.7 TWh (December 2017: 930 GWh). The Italian PSV hub traded 859 GWh (December 2017: 3.5 TWh). The CZ VTP hub registered 820 GWh, up 79% (December 2017: 459 GWh).
The volume of geographical spread transactions accounted for 4.6 TWh and time spread transactions amounted to 2.5 TWh. Finally, 11.9 TWh were traded on PEGAS’ OTC platforms.