MIBGAS Derivatives and OMIClear sign cooperation agreements with Arraco, CIMD, IBGH, ICAP and Tullet-Prebon to offer their clients the registration, clearing and settlement services for bilateral trades (OTC) in the entire natural gas futures curve with delivery in the Spanish Virtual Balance Point (PVB). OTC trades registered in MIBGAS Derivatives will be considered non-financial products with physical delivery out of the scope of MiFID II regulation.

MIBGAS Derivatives and OMIClear expand their services and gas futures products, which will allow a further development of the natural gas market in the Iberian Peninsula, and will enforce its leading position in the Iberian Peninsula natural gas sector.

MIBGAS Derivatives is the platform of MIBGAS S.A. where non-regulated gas futures products with title transfer and delivery in the Virtual Balance Point (PVB), with a time horizon beyond month ahead, as well as LNG products in regasification plant tanks and natural gas in underground storage are traded as Organised Market or Exchange.

Products traded in MIBGAS Derivatives complement the listed regulated spot and prompt products traded in MIBGAS whit delivery in PVB.

OMIClear is a Clearing House (CCP) authorised under the European EMIR regulation to provide clearing and settlement services for power and natural gas derivatives contracts. The clearing services for natural gas contracts (financial and non-financial) obtained the regulatory authorization at European level in 2017. OMIClear performs the physical delivery notifications in PVB to the Transmission System Operator (ENAGAS GTS). OMIClear started its activity in July 2006 and its shareholding is constituted 50% by OMIE and 50% by OMIP SGMR.