MIBGAS publishes its 2024 annual report with key market data
31/03/2025
In 2024, MIBGAS consolidated its position as the benchmark Iberian gas market for natural gas and LNG prices in southwest Europe. In addition, last year MIBGAS reinforced its commitment to sustainability and renewable gases with the development of the first Iberian renewable hydrogen price index, MIBGAS IBHYX, which is published and updated weekly on the www.greenenergy.mibgas.es website.
With regard to trading activity, total trading on the Iberian gas market platform reached 158.2 TWh in 2024. Meanwhile the percentage of Spanish demand traded on MIBGAS averaged 51.2% in 2024, with an average of 133 agents active on the platform daily.
There were significantly more agents by the end of last year, with a total of 238 companies registered in the organised gas market.
All these data, and much more, are published in the organised gas market annual report 2024 which is available on the MIBGAS website.
When presenting the report, the president of MIBGAS, Raúl Yunta Huete, mentioned the following:
"During 2024, work has continued to enhance the expert positioning of MIBGAS in the energy sector in all its communication channels, but it has also been the year during which the market operator has been able to take a qualitative step by positioning itself as a source of price information in the renewable gas sector. So, if 2024 began with the announcement of the start of work to develop a Spanish renewable hydrogen price index, it was inevitable that it would end with the launch of an index like the MIBGAS IBHYX."