February 2019: Another record month for Euro Gas, driven by TTF and NCG highs. German Power up 8% MoM, Emissions up 8% MoM

Trayport – February 2019 saw 8.970 million monthly contracts traded, up 2% MoM. Emissions was the largest climber, 8% vs January, with Euro Power up 6%. Following a record start to the year, Euro Gas reached new heights in February at 3,889 TWh, up 4% MoM. The remaining groups saw a decline in volumes, with the UK commodities registering the largest drops, UK Power down 18% and UK Gas down 12% – could the UK’s particularly mild winter be behind this? Total contracts traded are up 18% vs YTD 2018. Gas As mentioned, Euro Gas recorded 3,889 TWh in February, up from January’s previous high of 3,756 TWh. TTF, the largest constituent of the group, rose 3% MoM to end at 3,136 TWh – also a record. With NBP down 12% MoM at 1,001 TWh, TTF was 313% of NBP’s volume in February, the first time we have seen this figure over 300%.  Euro Gas is up 37% vs YTD 2018, with TTF up 36%. Europe is expected to be the fastest-growing market for LNG in 2019, and with TTF integral as a hedging tool for LNG we await to see how much this further drives volume throughout the year.… continue reading

Continue reading February 2019: Another record month for Euro Gas, driven by TTF and NCG highs. German Power up 8% MoM, Emissions up 8% MoM. This article appeared first on CTRM Center.

Source: CTRM Center

Related Posts

Leave a reply