PEGAS, the pan-European gas trading platform operated by Powernext, announced that a total volume of 91.9 TWh was traded in March 2015. This represents the highest monthly volume traded so far on the PEGAS markets. This accounts for an increase of 15% compared to the previous record of 79.9 TWh in February 2015. Compared to the previous year, volumes almost doubled (March 2014: 45.5 TWh).
Spot Markets
Trading volumes on the Spot Markets results in 41.2 TWh in March (March 2014: 18.9 TWh). The volume on the German spot markets (GASPOOL and NCG market areas) amounted to 21.2 TWh (March 2014: 8.5 TWh) with a record on the NCG delivery zone at 14.1 TWh (previous record: 12.0 TWh in January 2015). The total volume on the German spot market includes 5.5 TWh traded in quality-specific gas products. 10.1 TWh were traded on the French spot market areas PEG Nord, PEG Sud, PEG TIGF and TRS (March 2014: 7.6 TWh). The new TRS hub has replaced PEG Sud and PEG TIGF since 31 March 2015. The volume on the Dutch TTF spot market reached 9.5 TWh (March 2014: 2.8 TWh). The Belgian ZTP spot market registered a record volume of 441,524 MWh (previous record: 333,564 MWh in February 2015). The new NBP market area which was launched on 26 March registered a total volume of 7,327 MWh. The total volume of spread transactions amounted to 2.6 TWh.
Derivatives Markets
In March, trading volumes on the PEGAS Derivatives Markets reached a new record of 50.7 TWh (March 2014: 26.6 TWh). This represents an increase of 19% compared to previous record of 42.5 TWh set in February 2015. The volume on the German Futures markets amounted to 9.6 TWh (March 2014: 12.4 TWh). A volume of 7.3 TWh was traded in the French market areas (March 2014: 4.1 TWh). The Dutch TTF Futures market registered the highest trading volume so far with 33.7 TWh (March 2014: 10.0 TWh), which represents an increase of 14% compared to the previous record (February 2015: 29.6 TWh). The new financial products for the Italian PSV market area which were launched on 26 March registered a total volume of 145,440 MWh. In March, the total amount of spread transactions reached 3.7 TWh. The volume from Trade Registration attained 5.8 TWh which includes 1.6 TWh which were registered for clearing through the new Straight-Through Processing service.
Details on the natural gas volumes and prices are available below.
PEGAS – Monthly Figures Report for March 2015
Volumes
|
Spot Market |
Derivatives Market |
|
Mar 2015 |
Mar 2015 |
GASPOOL |
7,119,111 |
2,645,282 |
NCG |
14,066,674 |
6,905,193 |
PEG Nord |
7,331,010 |
7,305,390 |
PEG Sud |
2,619,375 |
31,200 |
PEG TIGF |
77,010 |
n/a |
TRS |
82,000 |
0 |
TTF |
9,456,295 |
33,651,770 |
ZTP |
441,524 |
0 |
NBP |
7,327 |
0 |
PSV |
n/a |
145,440 |
Total |
41,200,326 |
50,684,275 |
Indices
Spot Market |
Index Name |
Mar 2015 Index Value (min. / max. in EUR/MWh) |
GASPOOL |
EEX Daily Reference Price |
20,866 / 23,455 |
NCG |
EEX Daily Reference Price |
21,162 / 23,625 |
PEG Nord |
Powernext Gas Spot DAP |
21,19 / 23,87 |
PEG Sud |
Powernext Gas Spot DAP |
21,39 / 25,10 |
TTF |
EEX Daily Reference Price |
21,036 / 23,782 |
|
|
|
Derivatives Market |
Index Name |
Apr 2015 Index Value |
Germany |
EGIX (European Gas Index) – Monthly Average |
21,703 |
GASPOOL |
EGIX – Monthly Average |
21,570 |
NCG |
EGIX – Monthly Average |
21,807 |
PEG Nord |
Powernext Gas Futures Monthly Index |
22,00 |
PEG Sud |
Powernext Gas Futures Monthly Index |
22,50 |
TTF |
Powernext Gas Futures Monthly Index |
21,61 |