PEGAS: April volumes increase by 174 percent year-on-year

New monthly record on TTF Futures

Leipzig/Paris, (PresseBox) - PEGAS, the natural gas platform commonly established by the European Energy Exchange (EEX) and Powernext, announced that a total volume of 42.5 TWh was traded in April 2014. It represents an increase of 174 percent compared to 15.6 TWh traded on the natural gas markets of EEX and Powernext in April 2013.

Spot Markets

Overall trading volumes on the Spot Markets amounted to 18.8 TWh in April. The German spot markets (market areas GASPOOL and NCG) recorded a volume of 8.8 TWh which represents an increase of 82 percent compared to the previous year (April 2013: 4.8 TWh). This volume included 1.6 TWh traded in quality-specific gas products in April. The French spot markets (market areas PEG Nord, PEG Sud, PEG TIGF) registered a total of 6.0 TWh in April which represents an increase of over 21 percent compared to the previous year (April 2013: 5.0 TWh). The volume on the Dutch TTF spot market more than tripled to 4.0 TWh compared to the previous year (April 2013: 1.3 TWh). The overall Spot Market volume included 1.5 TWh traded in spread products.

Derivatives Markets

In April, trading volumes on the PEGAS Derivatives Markets amounted to 23.7 TWh. The volume traded on the German Futures markets (GASPOOL and NCG market areas) almost doubled to 4.6 TWh compared with the previous year (April 2013: 2.4 TWh). The TTF Futures market reached a new monthly volume record with 16.0 TWh in April which represents an increase of 59 percent compared to the previous record of 10.0 TWh traded in March 2014. In the French market areas, a total of 3.2 TWh was traded on PEG Nord and PEG Sud Futures which is more than double the volume traded in April 2013 (1.4 TWh).

Details on the natural gas volumes and prices are available in the enclosed monthly report.

About PEGAS - Pan-European Gas Cooperation:

PEGAS is a cooperation between the European Energy Exchange (EEX) and Powernext. In the framework of this cooperation, both companies combine their natural gas market activities to create a pan-European gas offering. Members benefit from one common Trayport gas trading platform with access to all spot and derivatives market products offered by the two exchanges for the German, French and Dutch market areas. Furthermore, spread products between these market areas are tradable on the same trading platform. For more information: www.pegas-trading.com

About Powernext:

Powernext SA manages complementary, transparent and anonymous energy markets. Powernext Gas Spot and Powernext Gas Futures were launched on 26 November 2008 in order to hedge volume and price risks for natural gas in France and in the Netherlands. Powernext manages the National Registry for electricity guarantees of origin in France since 1 May 2013. Powernext owns 50 % in EPEX SPOT and 20 % in EEX Power Derivatives. For more information: www.powernext.com

European Energy Exchange AG

European Energy Exchange (EEX) développe et opère des marchés sécurisés, liquides et transparents dans l'énergie et les secteurs liés. Les produits offerts à la négociation sont l'électricité, le gaz naturel, les quotas d'émissions de CO2, le charbon et les garanties d'origine. Dans le cadre de sa participation majoritaire dans Cleartrade Exchange (CLTX), EEX offre les marchés du fret, minerai de fer, mazout et engrais. La compensation et le règlement de toutes ces transactions sont réalisés par la chambre de Compensation European Commodity Clearing AG (ECC). EEX est membre du groupe Eurex. Pour plus d'informations : www.eex.com

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