Tomorrow MIBGAS Derivatives will start trading LNG products (liquefied natural gas) in regasification plants, adding this new segment to its current offer of gas natural future products (with delivery beyond month-ahead, quarters, semester and annual)

For the first time an organised market will start trading this type of LNG products in Spanish plants, where until now the trading was only through bilateral contracts (OTC market). The advantage of the organised market over OTC market is that the first one will minimise the risks by having a robust guarantee system, which ensure the payment to the counterparties that operate in it.

MIBGAS Derivatives, a subsidiary of MIBGAS, will start trading spot LNG products (within-day and daily), both in auction (from 10h to 11h) and in continuous market (from 11h to 18h). MIBGAS Derivatives intention is to offer longer-term LNG products in the future. For the first time in Europe, an organised market will provide a transparent sign of LNG prices.

Moreover, MIBGAS Derivatives beat its last record on Wednesday, June 5th, reaching a volume of 299 MWh traded, surpassing the last record of 252 GWh that were registered on May 13th.
MIBGAS Derivatives is achieving really good results and goals this year.

It should be noted that the traded volume registered during the first five months of year 2019 exceeded the whole volume registered in 2018. Thus, from January to May it has been trading 2.22 TWh over the 1.99 TWh traded in 2018.

Currently, MIBGAS Derivatives trades futures natural gas products with monthly physical delivery (maturing in the following month), quarterly, seasonal and annual, to which LNG spot products are now added in plants. On the other hand, MIBGAS products are negotiated with less than one-month delivery.