| | | | | | | | EEX Gas & Sustainability Markets Newsletter | April 2025 |
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Dear customers, partners, and friends, |
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After the first three months of the year, we can observe a very positive development on the EEX gas markets as we were able to continue to expand our natural gas offering and increase liquidity in our markets.
In February, EEX successfully extended the trading period for its natural gas market. As a result, trading participants without a shipping code can now trade and hold open positions on the EEX gas markets up until two days before delivery (D-2), aligning our offering with industry standards and facilitating financial players to trade in the physical contracts. In addition to that, in March, we launched the single-sided nomination for our NBP spot markets in cooperation with our clearing house ECC and the UK TSO National Gas. This change was welcomed by the market, resulting in a strong increase in NBP spot trading volumes of 71% in March.
Our continued ambitions to further develop the markets have attracted additional interest from customers in trading on our markets. On the gas spot markets in particular, we have seen significant growth in trading volumes. In the first quarter of the year, we reached record trading volumes on the global EEX Group gas markets.
One important milestone this year will be the launch of Baltic-Finnish gas markets, currently traded at GET Baltic, on our EEX markets. This novel offering will create new trading opportunities for trading participants already active at EEX as well as significant benefits for trading participants operating in these markets via GET Baltic as we significantly extend the customer base and introduce spread products between the Baltic-Finnish and the liquid pan-European markets. Additionally, we will introduce a new access model to our gas spot markets: the Direct Clearing Participant (DCP) model. This option will enable trading on EEX without the need to align with a Clearing Bank. The DCP model is set to launch for the Baltic-Finnish market areas, with plans to extend it to all other European gas spot markets.
Best regards,
Steffen Köhler
Chief Commercial Officer
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| | | | Record trading volumes in the first quarter |
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In the first three months of the year, EEX Group’s gas trading volumes reached all-time records. In total, volumes on the global gas markets of the group amounted to 2,035.4 TWh. In particular, the European gas spot markets have picked up and reached an all-time quarterly high of 890.8 TWh. On the derivatives markets, EEX has also achieved strong growth, including a new monthly record (258.1 TWh) on the Dutch TTF market in March. |
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| | | Single-sided nomination now available on NBP |
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EEX’s clearing house, European Commodity Clearing (ECC), in cooperation with the local TSO, National Gas, have jointly accomplished a major milestone in further developing the NBP gas market. Following their request, since 23 March, clearing houses have been able to clear trade nominations at the NBP with single-sided trade nominations. With a view to the growing interest in EEX’s NBP offering, this is an important step to further improve security and effectiveness in this market as trading participants are no longer required to intervene in the nomination process.
> more |
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| | | | Update on the extension of the EU Gas Storage Regulation |
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On 5 March, the European Commission proposed extending the EU Gas Storage Regulation until 31 December 2027, maintaining the target of 90% gas stock filling by 1 November, with flexible interim targets for Member States. A guidance document was also presented, encouraging Member States to consider market conditions and introduce flexibility in refilling storage facilities. The document emphasizes the need for expertise in energy market trading, the impact on derivatives markets, and actual market conditions. The Commission will provide more flexibility in addressing deviations from the filling trajectory. While non-binding, these recommendations address concerns from market participants and certain EU Member States. It remains to be seen if and how such recommendations will be implemented, as well as how discussions will unfold between the European Parliament and the European Council which can still amend the proposal.
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| | | Recording available: Webinars on Baltic-Finnish gas markets |
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In preparation for the launch of the Baltic-Finnish gas markets at EEX, EEX and GET Baltic have jointly hosted a webinar series to support trading participants. If you have missed the webinar or would like to rewatch it, please visit our EEX TV channel:
Here is an overview of the topics that were presented:
- #1 Trader exam
- #2 Product specification
- #3 Clearing conditions
- #4 Trading system and trading rules (spot market)
- #5 Trading system and trading rules (derivatives market)
- #6 Implicit Capacity Allocation
> more
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| | | | Lacima’s margin tool in Touchpoint |
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EEX now offers enhanced margin credits of up to 70% for JKM & $TTF futures against a wide range of EEX European gas and power futures.
To find out more, contact Peter Blogg or learn more about our inter-commodity spreads here.
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