MIBGAS DERIVATIVES has registered the first LNG trade of an organised market in Europe (press release).


The first trade of LNG (Liquefied Natural Gas) in a regasification plant that takes place in an organised market or exchange in Europe was registered yesterday on the MIBGAS Derivatives platform. In particular an LNG trade of the Within-Day product (with delivery on the same day) at the regasification plant of Barcelona, for a volume of 100 MWh and with a price of €13/MWh.

At present, the known prices of LNG trades are published by reporting agencies based on information provided by agents and forecasts. Therefore, it is the first time that a LNG price signal from a real trade in Europe has been published.

MIBGAS Derivatives started the trading of LNG products on Tuesday, June 11. The company, a subsidiary of MIBGAS, enables the negotiation of LNG products in all existing regasification plants in Spain: Barcelona, Sagunto, Cartagena, Huelva, Mugardos and Bilbao.

It is the first time that an organised market provides this LNG products in regasification plants, where until now there was only bilateral trading (OTC market). The trading in the organised market against OTC reduces the risks to the minimum since the organised market has a robust system of guarantees, which always ensures the collection of the counterparties that operate in it.

Currently, MIBGAS Derivatives offers the possibility to trade spot LNG products (Within Day and daily, at auction from 10 am to 11 am, and continuous market from 11 am to 6 pm) with physical delivery at the tanks of the Spanish regasification plants. MIBGAS Derivatives has the goal to increase the LNG product portfolio with long-term delivery.

To these products, we must add futures products with monthly physical delivery (with maturity greater than the following month), quarterly, seasonally and annually, traded since its implementation a year and a half ago.