ENTSOG Gas Regional Investment Plan South 2017 - Main Report

5.2 Liquidity

Volume of gas traded on French and Iberian Market have been growing steadily since their creation, reaching 911,3TWh in 2016 (906TWh in France and 5,3TWh in Portugal and Spain). The great difference of traded volume gas can be explained by the different maturity between markets: whereas Spanish gas market is only one year old, French gas markets were created one on 1 January 2009 (creation date for PEG-Nord) and TRS on 1 April 2015.

100 80 70 60 50 40 30 20 10 90 TWh/month

Traded volumes

creation TRS

0

2010

2011

2012

2013

2014

2015

2016

2017

PEGSUD/TIGF/TRS

PEG NORD

Figure 5.2: Traded Volume on all PEG, France (Source: TSO own elaboration)

MWh/d

Traded volumes

120,000

100,000

80,000

60,000

40,000

20,000

0

Dec 15 Jan 16 Feb 16 Mar 16 Apr 16 May 16

Aug 16 Jun 16 Jul 16 Sep 16 Oct 16 Nov 16 Dec 16 Jan 17

MIBGAS Volume

Figure 5.3: Traded volumes in MIBGAS, MWh/d (Source: TSO own elaboration)

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Gas Regional Investment Plan of the South Region 2017