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PEGAS TTF Spot sets a new monthly volume record in February

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PEGAS, the pan-European gas trading platform operated by Powernext, established a new monthly record on its TTF spot market in February with 47.97 TWh, eclipsing the previous high mark of 46.53 TWh set in January.

The total volume traded in February amounted to 182.5 TWh on the PEGAS platform, including 120.8 TWh on the spot and 61.8 GWh on the futures segments, which represents an increase of 4 per cent over last year (February 2018: 174.9 TWh).

Overall spot trading volumes in February reached 120.8 TWh , up 7 per cent from last year (February 2018: 112.4 TWh). With its new record of 47.97 TWh, the Dutch TTF market observed an increase of 54 per cent compared to the previous year (February 2018: 31.2 TWh). The German delivery zones NCG and Gaspool registered a volume of 40.1 TWh, a drop of 13 per cent (February 2018: 46.2 TWh). Trading of quality-specific contracts reached 10.8 TWh. In France, the PEG reached 11.6 TWh (February 2018: 17.2 TWh). With 9.5 TWh, the Austrian CEGH VTP volume improved by 28 per cent over February 2018 (7.4 TWh). The Belgian markets ZTP and ZEE volumes amounted to 7.1 TWh, which represented a growth of 27 per cent over last year (5.5 TWh). The Danish market ETF registered 2.5 TWh, down 9 per cent (February 2018: 2.7 TWh). Finally, the Czech market area CZ VTP traded 410.7 GWh, an increase of over 39 per cent over February 2018 (294.0 GWh). 

Geographical spread transactions reached 7.4 TWh, while the German and French locational and hourly products totalled 1.5 TWh.

In February, derivatives trading amounted to 61.8 TWh (February 2018: 62.5 TWh). The TTF market reached 47.8 TWh (February 2018: 50.95 TWh). The NCG and GASPOOL delivery areas traded 5.1 TWh which represented an increase of 21 per cent (February 2018: 4.2 TWh). CEGH VTP registered 3.7 TWh, up 27 per cent (February 2018: 2.9 TWh). The PEG market area reached 2.3 TWh, a growth of 11 per cent (February 2018: 2.1 TWh). The Italian PSV hub traded 1.7 TWh (February 2018: 2.1 TWh). With 474.9 GWh, the CZ VTP hub doubled the previous year’s result (February 2018: 217.1 GWh).

The volume of geographical spread transactions accounted for 3.0 TWh and time spread transactions amounted to 5.9 TWh. Finally, 10.1 TWh were traded on PEGAS’ OTC platforms.

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