Gas trading platform PEGAS to launch Spanish spot\, futures contracts

Gas trading platform PEGAS to launch Spanish spot, futures contracts

Physical spot products and derivative contracts (monthly, quarterly, seasonal and yearly) will be listed, PEGAS said in a statementREUTERS  |  April 09, 2019, 10:58 IST
Gas trading platform PEGAS to launch Spanish spot, futures contracts LONDON:

* European gas trading platform PEGAS said on Monday it will launch spot and futures contracts for the Spanish gas trading hub PVB on June 18.

* Physical spot products and derivative contracts (monthly, quarterly, seasonal and yearly) will be listed, PEGAS said in a statement.

* PEGAS is the gas trading platform of EEX Group and is operated by Powernext.

* "Gas-fired power plants have an important role for local electricity generation. It is therefore of great value for our members that EEX Group now offers power and gas products in Spain," said Egbert Laege, president of Powernext.