2014-09-05 17:55:00
PEGAS: RECORD TRADING
PEGAS announced record trading on its natural gas platform, saying that the total volume registered in August 2014 is almost three times the levels registered over the same period of the previous year.
'PEGAS, the natural gas platform jointly established by the European Energy Exchange (EEX) and Powernext, announced that a total volume of 47.2 TWh was traded in August 2014 compared with 16.8 TWh traded over the same period of the previous year,' reads a note published on Wednesday.
Both spot and derivatives markets registered a significant growth, with German markets taking the helm. Trading volumes in the German markets did indeed overcome French markets.
'The German spot markets (market areas GASPOOL and NCG) reached a record volume of 10.3 TWh (August 2013: 3.6 TWh), including 2.8 TWh traded in quality-specific gas products, which represents an all-time high as well. The French spot markets (market areas PEG Nord, PEG Sud, PEG TIGF) registered a total of 6.3 TWh (August 2013: 5.2 TWh).'
Dutch and Belgian markets are still lagging behind, but registered the fastest growth.
'The volume traded on the Dutch TTF spot market amounted to 6.0 TWh traded in August (August 2013: 1.5 TWh). The Belgian ZTP spot market recorded 30,693 MWh. The overall Spot Market volume included 1.5 TWh traded in spread products.'
Similar trends have been registered in the derivatives markets, which totalled 24.6 TWh, from 6.4 TWh in August 2013.
According to the notes, in August 2014, Conocophillips (UK) and PetroChina International were admitted as new members on the PEGAS markets, along with other three companies.
Earlier this year, PEGAS unveiled a 209% year-on-year growth.
naturalgaseurope.com
Chronicle:
2021, July, 9, 12:04:00
HYDROGEN RUSSIA AND CIS, Moscow, 20-21 October 2021
International Conference and Exhibition ‘Hydrogen Russia and CIS’ brings together more than 200 senior executives of hydrogen production plants from Russia and the CIS
2021, July, 9, 12:00:00
ARGENTINA'S NUCLEAR SMR
Before work was suspended, it was in line to be the world’s first operating SMR. The government licensed it as a prototype in 2009.
2021, July, 9, 11:55:00
CHILE'S COAL GENERATION DOWN
In June 2021, the Chamber of Deputies of Chile has approved a bill that prohibits the installation and operation of coal-fired power plants.
2021, July, 8, 12:50:00
OIL PRICE: NEAR $73
Brent slipped by 23 cents, or 0.3%, to $73.20 a barrel, WTI were down 33 cents, or 0.5%, at $71.87 a barrel.
2021, July, 8, 12:45:00
OIL PRICES 2021-22: $72-$67
We expect rising production will reduce the persistent global oil inventory draws that have occurred for much of the past year and keep prices similar to current levels, averaging $72/b during the second half of 2021 (2H21).
2021, July, 8, 12:40:00
EUROPE CLIMATE RULES
According to draft proposals seen by market sources, the CBAM will replace the current system of free carbon allowances for metals sectors, and tighten allowances in the European Emissions Trading System generally, a bone of contention for some.
2021, July, 8, 12:35:00
ASIA INDEXES DOWN ANEW
The Hang Seng index (.HSI) led losses with a 1.9% drop, its eighth consecutive session in the red, with more falls in internet giants Tencent (0700.HK), Meituan (3690.HK) and Alibaba (9988.HK) as the sector reels from sweeping Chinese regulatory scrutinty.