PEGAS, the pan-European gas trading platform operated by Powernext, registered a total volume of 150.3 TWh in July 2017, which represents an increase of 75 per cent compared to the previous year (July 2016: 86.1 TWh).
Growth in volumes was observed across spot and futures market segments.


Spot trading volumes in July reached 54.2 TWh , an increase of 35 per cent on the previous year (40.3 TWh). On the Dutch market area TTF, 13.2 TWh were traded, 6 per cent more than in July 2016 (12.5 TWh). The German delivery zones NCG and GASPOOL saw volumes of 18.3 TWh, an improvement of 23 per cent (July 2016: 14.9 TWh), while trading of quality-specific spot contracts reached 5.3 TWh. The French PEGs volume totalled 11.2 TWh, which represents a growth of 10 per cent compared to July 2016 (10.1 TWh). With 6.4 TWh, the Austrian CEGH VTP came close to breaking the record established in June 2017. The Belgian markets ZTP and ZEE rose to 3.3 TWh, an increase of 47 per cent compared to last year (2.2 TWh in July 2016). The Danish market ETF registered a volume of 1.4 TWh in July.


Across PEGAS markets, geographical spread transactions accounted for 3.4 TWh, while the German and French locational and hourly products totalled 486 GWh. 


In July, PEGAS derivatives neared the 100 TWh threshold hitting 96.2 TWh (July 2016: 45.9 TWh). The Dutch TTF futures market reached 84.4 TWh which represents more than double last year’s volume (July 2016: 37.3 TWh). Trading volumes in the NCG and GASPOOL delivery areas totalled 5.5 TWh, an improvement of 16 per cent over July 2016 (4.7 TWh). The French PEG Nord and TRS market areas reached a volume of 2.9 TWh (+67 per cent), and the Italian PSV delivery zone accounted for 1.5 TWh. The Austrian CEGH VTP market area recorded 1.5 TWh and 22 GWh were traded on the Danish ETF front month contract in July.


It was a record month for time spread transactions with 18.6 TWh (previous record: 14.0 TWh in June 2017) and the volume of geographical spread transactions accounted for 2.9 TWh.

