PEGAS Trading Volumes In February 2016 - PEGAS Monthly Volumes Exceed 200 TWh For The First Time

PEGAS, the pan-European gas trading platform operated by Powernext, registered a total volume of 228.4 TWh in February 2016, exceeding the 200 TWh threshold for the first time (previous record: 178.2 TWh in January 2016). The increase resulted from volume records on the spot market with 63.9 TWh (previous record: 52.5 TWh in January 2016) and on the futures market with 164.5 TWh (previous record: 125.8 TWh in January 2016).

Spot Markets

Spot trading volumes in February reached 63.9 TWh , representing a year-on-year increase of 71%. In particular, trading for the market areas TTF and NCG contributed to this development with a share of more than 70% of the total spot volume. On TTF, 17.6 TWh were traded (a year-on-year gain of 78%) while the NCG volume increased by 136% to a high of 27.3 TWh (previous record: 17.7 TWh in January 2016). The German GASPOOL area registered 7.1 TWh in February. Trading of quality-specific spot contracts for Germany reached a new record of 21.3 TWh. The French PEGs added 11.0 TWh to the total spot volume, which represents a growth of 15% compared to the previous year. Furthermore, spread transactions amounted to 2.3 TWh.

Derivatives Markets

In February, the PEGAS derivatives market achieved almost 4-fold year-on-year increase in volume with 164.5 TWh being traded (February 2015: 42.5 TWh). The Dutch TTF futures market was the main driver of the total volume with a record of 131.1 TWh (previous record: 102.6 TWh in January 2016). Moreover, trading in the German NCG and GASPOOL delivery areas reached 23.7 TWh in February, which represents more than three times the previous year. In particular, NCG registered a new volume monthly record with 18.2 TWh (previous record: 13.4 TWh in January 2016). The trading volumes on the French PEG Nord and TRS market areas amounted to 7.7 TWh. In February, volume highs were achieved on PSV (1.8 TWh) and ZEE (134 GWh). The total volume of spread transactions reached a record of 21.5 TWh while clearing via trade registration added up to 7.0 TWh.