EEX to launch GASPOOL Season Contracts

(PresseBox) ( Leipzig, )
The European Energy Exchange (EEX) is expanding the range of tradable maturities on the Natural Gas Derivatives Market. From 18 June on, the trading participants will also have the possibility to trade in GASPOOL Season Futures. These were initially only offered for derivatives trading with delivery into the NetConnect Germany (NCG) market area. Seasons are contracts comprising the delivery period from October to March (winter season) and the period from April to September (summer season).

The volume traded on the Natural Gas Derivatives Market has increased significantly during the first four months of the year compared with the same period in 2011. From January to April 2012, a volume of 14.3 TWh of natural gas was traded. This corresponds to an increase of 93 percent as against the same period in the previous year (7.4 TWh). The number of trades increased by 89 percent compared with the period from January to April 2011. With the expansion of the GASPOOL Futures with season contracts, EEX is now completing its product range on this market. The development of liquidity on the Derivatives Market is further reinforced by a volumebased incentive programme which is available until the end of September 2012.
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