EEX, Powernext’s Pegas announced last week plans for physical Italian gas futures launch
The European natural gas market has taken
off this year as new exchanges have come to market and existing
platforms have sought to boost trading with new products.
Pan-European natural gas trading platform,
Pegas – a joint venture between the European Energy
Exchange (EEX), Europe’s largest energy exchange,
and Deutsche Borse subsidiary, and Powernext, the French energy
exchange -- announced last week plans to launch new
physically settled natural gas futures on the Italian Punto
di Scambio Virtuale (PSV) hub on June 17.
The venue also launched last week
physically settled spot and futures contracts, quoted in pence
per therms, for the Belgian Zeebrugge Beach (ZEE) gas hub and
an average daily price index for the Zeebrugge Trading Point
(ZTP) in Euros per Megawatt-Hour.
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