| | | | | | | | | EEX Gas & Sustainability Markets Newsletter | December 2024 | |
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Dear customers, partners and friends of EEX, |
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Exciting times on our gas markets. We recently launched new Baltic LNG Freight Month Futures at the end of November and introduced biogas auctions on behalf of the French state in December. Next year, the Baltic-Finnish gas markets, currently available at GET Baltic, will be added to EEX’s gas trading platform. And we have taken a further step in supporting hydrogen initiatives around the globe through a cooperation with the Indian Gas Exchange and the Gesellschaft für Internationale Zusammenarbeit. I am delighted to see the development of this asset class with such a huge variety of initiatives that benefit both participants already active at EEX, as well as the wider communities.
We are also delighted to see growing interest in our EGSI Financial Futures among our customer base, after numerous new market participants started trading these products over the past months.
I’d also like to highlight two recent events in relation to our physical trading services: We were delighted to invite a number of our partners to our Market Review Committee, where we exchanged ideas on how to develop our markets further. We also hosted a successful gas trading event in collaboration with the German Trading Hub Europe (THE) for the first time, focusing on our joint measures to increasing liquidity on the German market.
A big thank you to everyone who joined these events for the valuable input, which will help us to move forward.
Learn more about the latest from our gas markets in today’s newsletter. Enjoy reading,
Steffen Köhler
COO | EEX |
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| | | | Biogas auctions launched at EEX |
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EEX operates the national registry for biogas guarantees of origin (GO) on behalf of the French Ministry of the Energy Transition. In this role, EEX has launched quarterly auctions of biogas Guarantees of Origin (GOs) on behalf of the French State on 4 December 2024.
At these auctions, the French State sells the GOs produced by selected biogas facilities benefiting from a state support mechanism.
In the first auction for biogas Guarantees of Origin, 80,794 MWh were sold. This is one of the first successful auctions for biogas GOs in Europe, with demand nearly six times higher than the available volume. The next auction is due to take place in February 2025.
> More information |
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| | | Baltic-Finnish gas markets to launch on 27 May 2025 |
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EEX will launch gas products for the Baltic-Finnish region on 27 May 2025. The product portfolio will comprise products for the gas spot (Within-Day, Day, Weekend) and derivatives (Month, Quarter, Season, Year) markets for Lithuania, the common market area of Latvia-Estonia and Finland. In addition, EEX will enable location spread trading between these markets and selected European gas markets, which are already available at EEX.
If you would like to start trading in the new products, please contact the Customer Care team who will provide you with the necessary details.
> More information on membership packages and fees for the Baltic-Finnish gas offering of EEX.
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| | | | EEX launched Baltic LNG Freight Month Futures for three intercontinental routes |
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In line with the increasing importance of LNG in the global seaborne freight market, EEX has extended its offering with new Baltic LNG Freight Month Futures on 25 November 2024, with a first trade already on the first day of trading. All contracts are financially settled and based on the respective Baltic Exchange BLNG-174 Index:
- EEX Baltic LNG Route BLNG1-174 Freight Month Future (Australia to Japan)
- EEX Baltic LNG Route BLNG2-174 Freight Month Future (US Gulf to Continent)
- EEX Baltic LNG Route BLNG3-174 Freight Month Future (US Gulf to Japan)
> More information |
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| | | EGSI financial futures on growing trend |
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EEX has recently seen growing interest in its offering for financial gas futures settled against the European Gas Spot Index (EGSI) – the most transparent pricing reference in the European gas market.
Since the beginning of 2024 (Jan-Oct), 5,083 TWh have been traded in these products which is 4-times higher than the total volume of the previous year (1,045 TWh). We see this as a promising signal for these emerging products offering new trading and hedging opportunities, also in combination with EEX Physical Gas Futures as well as EEX Power Derivatives.
EGSI Financial Futures are listed for the TTF (Dutch), THE (German), NBP (UK) and CEGH (Austrian) market areas, covering the whole curve from short-term (daily, weekend, weekly, current month) to longer-term maturities (month, quarter, season and calendar year).
> More information |
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| | | | EEX, IGX and GIZ to jointly develop hydrogen trading market in India |
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EEX and the Indian Gas Exchange (IGX), in cooperation with the Gesellschaft für Internationale Zusammenarbeit (GIZ), have joined forces to develop a hydrogen trading market in India. The project takes place in the framework of the Hydrogen Ramp-up Program H2Uppp, funded by the German Federal Ministry for Economic Affairs and Climate Action (BMWK). As part of the cooperation, EEX and IGX will establish a local community comprising stakeholders from production, trading, transport and consumption, including policy makers and regulators. #BuildingMarketsTogether
> More information |
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| | | Enhance your risk management with smart analytics |
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Managing risk effectively requires in-depth knowledge on where the risk is across your portfolio, but also the understanding of what drives the changes. This is especially true in the case of Value-at-Risk (VaR) breaches. Given the importance of identifying a VaR breach and its cause quickly, having all required information on-hand is critical.
Lacima, part of EEX Group, have put together a case study looking at effective risk management practices including how to identify and trace the cause of a VaR breach.
Watch as they walk through a real-world example using outputs from Lacima Analytics visualised in Microsoft Power BI to identify a VaR breach and drill down to uncover the cause.
> Watch video | > Explore dashboards |
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| | | | Beyond Gas: EEX has introduced Irish Power Futures on 25 November 2024 |
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As the first exchange to offer trading in this market, EEX has introduced Irish Base Power Futures on 25 November 2025.
In addition to that, EEX has extended its range of maturities in their existing Japanese Power Futures product suite: from four to eight seasons; French and Dutch Power Futures: from six to ten years
All trading participants admitted for the existing power product groups at EEX and approved by ECC to trade these EEX products have automatically received access to the new products and additional tradable expiries. In case of further questions, please contact sales@eex.com.
> More information |
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