3/07/2025

In June, the MIBGAS platform broke monthly and daily trading records, with the highest levels since its inception. In that month, a record 21.5 TWh were traded on the Iberian gas market with the OTC trading platform (offered by MIBGAS Derivatives and cleared through the OMIClear clearing house) playing a significant role, reaching 6.8 TWh for the month. The daily record was set on Monday, 16 June, when 5.7 TWh were traded.

Another fact that exemplifies this significant increase in trading is that, compared to June 2024 (12.3 TWh), the increase stood at 74.8%. Likewise, the annualised accumulated total for these first six months stood at 93.2 TWh, compared to the figure of 78.8 TWh recorded in 2024; the increase here is also significant: 18.27%.

June thus saw the highest volume of trading in the history of MIBGAS, with 21.5 GWh registered across all its products (spot, prompt, futures and the PVB-TTF and PVB-LPI indexes) and in all its trading segments (Spanish and Portuguese virtual balance/trading points, the LNG Virtual Balance Tank, Virtual Balance Storage and registration of bilateral OTC transactions).

The second-highest trading month on the MIBGAS platform was recorded exactly two years ago, when 18.8 TWh were traded in June 2023, while the third was in December 2024, with a total of 17.8 TWh.

Market makers

Axpo Iberia and MET International will continue as voluntary market makers in the second half of 2025, a role they also covered in the first half. This liquidity boost ensures the continuous presence of gas buy and sell offers on the trading screen.

MIBGAS continues to be a voluntary, attractive and competitive platform that provides significant social benefits, as demonstrated by the increase in trading liquidity and, specifically, the record-breaking increase recorded over the past month.