PEGAS, the pan-European gas trading platform operated by Powernext, registered a total volume of 144.6 TWh in November 2016 which represents an increase of 12% compared to the previous year (129.3 TWh), supported by a strong spot market.
Spot Markets
Spot trading volumes in November reached 62.3 TWh , representing an increase of 36% compared to last year (45.7 TWh). The Dutch market area TTF registered a strong volume with 15.2 TWh, up 6% compared to November 2015 (14.4 TWh). A total volume of 28.3 TWh was traded on the German NCG and GASPOOL areas, which represents an increase of 41% compared to last year (November 2015: 20.0 TWh).
Trading of quality-specific spot contracts for Germany totalled 8.6 TWh. The French PEGs reached a new record with 15.5 TWh (previous record: 12.0 TWh in October 2016). The Belgian ZTP and ZEE more than tripled last year’s volume with 2.4 TWh. Finally, spread transactions on all hubs amounted to 3.1 TWh, while the hourly products for Germany and France registered 1.5 TWh.
Launched on 17 November, the Danish ETF market recorded a strong volume with 882 GWh in less than 2 weeks of trading.
Derivatives Markets
In November, the volume on the PEGAS derivatives market reached 82.3 TWh , (November 2015: 83.5 TWh). The TTF futures market contributed 63.2 TWh to the total monthly derivatives volume. Trading in the NCG and GASPOOL delivery areas reached 14.3 TWh in November, which represents an increase of 34% compared to the previous year (10.6 TWh).
The French PEG Nord and TRS market areas reached a volume of 3.2 TWh, while the Italian PSV market totalled 1.3 TWh. 278 GWh were traded on the Belgian ZTP and ZEE hubs. The total volume of spread transactions amounted to 6.3 TWh. Finally, the Danish ETF front month product traded over 52 GWh in its first two weeks.