Top Hedge Fund News, Member Posts, Hedge Fund Daily Indices and more!

2yrs ago Hedge Fund hedgeweek Views: 379

EEX Natural Gas Spot markets reach a new high in first half year 2021

Submitted 15/07/2021 - 2:22pm

The European Energy Exchange (EEX) reported a new record volume on its European Gas Spot markets in first half 2021 with 860.3 TWh traded, up 20 per cent compared to the same period last year (H1 2020: 718.5 TWh). This performance was driven by unprecedented volumes on the German NCG (+40 per cent to 177.3 TWh) and GASPOOL market areas (+32 per cent to 117.0 TWh) as well as on the French PEG hub (+29 per cent to 99.3 TWh). The French hub has been growing every month, boosted by a strong demand in France. 

The Austrian CEGH VTP and Czech VTP markets have been significantly bullish in first half of 2021: The Austrian gas hub reported a new high to 59.3 TWh, up 38 per cent compared to 2020 (H1 2020: 42.9 TWh), while the Czech market more than doubled its traded volume to 7.3 TWh (H1 2020: 3.6 TWh). 
 
Steffen Köhler, EEX Chief Operating Officer, comments: “I am excited to see that we confirmed our leading position in European gas spot trading during the first half year, building liquidity and gaining market shares in strategic markets areas like Austria and the Netherlands. These results enable us to provide our customers with even more robust, credible and reliable indices like the European Gas Spot Index (EGSI), which our Financial Gas contracts are cash-settled against.” 
 
EEX launched Financial Gas futures on 28th June, raising a strong interest across the European markets and attracting players from the traditional Gas trading community and financial companies. 

Like this article? Sign up to our free newsletter Related Topics Markets

Today's Hedge Fund Headlines:

Log In for More
Access Over 250K+ Industry Headlines, Posts and Updates
Not a member yet?

Join AlphaMaven

The Premier Alternative Investment
Research and Due Diligence Platform for Investors

Free Membership for Qualified Investors and Industry Participants
  • Easily Customize Content to Match Your Investment Preferences
  • Breaking News 24/7/365
  • Daily Newsletter & Indices
  • Alternative Investment Listings & LeaderBoards
  • Industry Research, Due Diligence, Videos, Webinars, Events, Press Releases, Market Commentary, Newsletters, Fact Sheets, Presentations, Investment Mandates, Video PitchBooks & More!
  • Company Directory
  • Contact Directory
  • Member Posts & Publications
  • Alpha University Video Series to Expand Investor Knowledge
  • AUM Accelerator Program (designed for investment managers)
  • Over 450K+ Industry Headlines, Posts and Updates
ALL ALPHAMAVEN CONTENT IS FOR INFORMATIONAL PURPOSES ONLY. CONTENT POSTED BY MEMBERS DOES NOT NECESSARILY REFLECT THE OPINION OR BELIEFS OF ALPHAMAVEN AND HAS NOT ALWAYS BEEN INDEPENDENTLY VERIFIED BY ALPHAMAVEN. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. THIS IS NOT A SOLICITATION FOR INVESTMENT. THE MATERIAL PROVIDED HEREIN IS FOR INFORMATIONAL PURPOSES ONLY. IT DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY ANY INTERESTS OF ANY FUND OR ANY OTHER SECURITIES. ANY SUCH OFFERINGS CAN BE MADE ONLY IN ACCORDANCE WITH THE TERMS AND CONDITIONS SET FORTH IN THE INVESTMENT'S PRIVATE PLACEMENT MEMORANDUM. PRIOR TO INVESTING, INVESTORS ARE STRONGLY URGED TO REVIEW CAREFULLY THE PRIVATE PLACEMENT MEMORANDUM (INCLUDING THE RISK FACTORS DESCRIBED THEREIN), THE LIMITED PARTNERSHIP AGREEMENT AND THE SUBSCRIPTION DOCUMENTS, TO ASK SUCH QUESTIONS OF THE INVESTMENT MANAGER AS THEY DEEM APPROPRIATE, AND TO DISCUSS ANY PROSPECTIVE INVESTMENT IN THE FUND WITH THEIR LEGAL AND TAX ADVISERS IN ORDER TO MAKE AN INDEPENDENT DETERMINATION OF THE SUITABILITY AND CONSEQUENCES OF AN INVESTMENT.