PEGAS, the pan-European gas trading platform operated by Powernext, achieved its best trading result to date on its spot segments in December, reaching a new record with 95.7 TWh (previous record: 85.4 in January 2017).
The total traded volume amounted to 169.3 TWh in December, an increase of 11 per cent compared to the previous year (December 2016: 152.1 TWh).
Spot trading volume in December amounted to 95.7 TWh , representing an increase of 27 per cent over the previous year (75.1 TWh). This new record was due to a series of highs in the Netherlands, France, Belgium, the U.K. and Austria. The Dutch market area TTF recorded 28.8 TWh (previous high: 23.3 TWh in October 2017), while the French PEGs traded 15.9 TWh (previous record: 14.9 TWh in November 2017), the Austrian CEGH VTP 7.0 TWh (previous record: 6.6 TWh in June 2017), the Belgian ZTP 4.7 TWh (previous record: 4.3 TWh in June 2017), and, finally, the English NBP with 246 GWh (previous high: 27 GWh in June 2016). The German delivery zones NCG and GASPOOL registered a volume of 34.9 TWh, while trading of quality-specific spot contracts reached 11.0 TWh. The Danish market ETF remained consistent with a volume of 1.8 TWh. The Czech CZ VTP market integrated the PEGAS platform on 8 December and traded 170 GWh up to the end of December.
Geographical spread transactions reached 6.2 TWh, while the German and French locational and hourly products totalled 1.8 TWh. The new CMP (Congestion Management Platform) for France saw a total volume of 226 GWh in December.
In December, PEGAS derivatives reached 73.6 TWh . The TTF futures market finished the month of December with a total of 63.1 TWh, up 8 per cent from last year (December 2016: 58.4). The NCG and GASPOOL delivery areas reached 4.1 TWh. In France, the PEG Nord and TRS market areas achieved 930 GWh. The Italian PSV delivery zone traded 3.5 TWh and the CEGH VTP market area totalled 1.6 TWh, up 40 per cent from the previous year (December 2016: 1.1 TWh). The new CZ VTP hub reached 459 GWh.
Time spread transactions amounted to 2.9 TWh and the volume of geographical spread transactions accounted for 2.1 TWh.
On 8 December, PEGAS Futures markets migrated from Trayport’s Global Vision to the T7 platform. This move will improve the connectivity of financial institutions to PEGAS natural gas markets.
