New Monthly LNG Contract Transactions

01/08/2024

MIBGAS Derivatives and OMIClear offer monthly LNG contracts (M+1, M+2, M+3), providing greater flexibility for agents. These contracts, with physical delivery at the virtual balancing tank (TVB), allow the purchase and sale of LNG at a fixed price.

In July, M+1 contracts with a volume of 9,021 MWh were closed. Settlement is always done through OMIClear. Increasing numbers of agents are registering to trade on the TVB, indicating growing market interest in these products.

These products have a similar profile to the existing natural gas futures at the virtual balancing point (PVB). They are non-financial products traded in auctions (opening or by market agents request), continuous markets, and OTC, and are not regulated by MIFID II. Thus, these products expand the trading options for both LNG and natural gas at the TVB and PVB.

To trade these contracts, registration with MIBGAS Derivatives is required. The access guide is available on the MIBGAS website: 2023.07_Acceso a MIBGAS Derivatives.pdf