MIBGAS Derivatives, a subsidiary of MIBGAS, the Iberian Gas Market Operator, broke its historical record in June when it reached 1,197.50 GWh of traded volume, which shows the continuous development of the platform trading natural gas futures (from Month + 2 to Year + 2 settled in the OMIClear clearing house), and to those that have been added in this month of June the spot LNG products (intraday and daily) in Spanish plants.

In fact, in June, 13th (the trading started two days before), the first real LNG trade was registered in an exchange in Europe since, to date, trading was always carried out in the OTC market through bilateral trades. This transaction has been a remarkable milestone in European markets where, until now, LNG prices were published by reporting agencies based on information provided by agents and forecasts.

During 2019, MIBGAS Derivatives has registered a total volume of 3,457.64 GWh. In June, a 27,47% of growth have been accomplished compared with last May, which, in turn, has grown by 29.50% over that of April. Regarding the products traded in June, Q+1 reached 593.40 GWh, and Y+1 150.06 GWh.

During last three months (see chart), natural gas futures trading in MIBGAS Derivatives has increased considerably. These products are registered through the OMIClear clearing house, which also registers historical figures in cleared products.

Likewise, both companies have agreements with brokers (Arraco, CIMD, ICAP and Tullet-Prebon) to offer to their clients the service of registration, clearing and settlement of bilateral transactions (OTC) throughout the natural gas futures curve, which has meant a volume of 74.10 GWh in June.

MIBGAS Derivatives is the platform of MIBGAS S.A. operating as Organised Market or Exchange for non-regulated gas futures 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 plants and natural gas in underground storage, and OTC trades registration.

The products traded in MIBGAS Derivatives complement the listed regulated spot and prompt products traded in MIBGAS with delivery in PVB.

OMIClear is a Clearing House (CCP) authorised under the European EMIR regulation offering clearing and settlement services for electric and natural gas derivatives. The clearing services for natural has 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).