The emergence of a premium between PEG Sud and PEG Nord prompted the French regulator to implement some short term measures ahead of a north-south pipeline expansion planned for 2018. However, since December 2014, the PEG Sud (now PEG TRS, following the merger between PEG Sud and PEG TIGF) premium has disappeared following increased LNG global availability and high imports at Fos Tonkin and Fos-Cavaou, raising doubts on the commercial viability of north-south pipeline expansion.
The Powernext Gas market, which accounts for around one third of traded volumes in France, has been in place since November 2008. This enables natural gas trade to take place in France on the French PEGs (Points d'échange de Gaz). There were three spot gas markets – PEGs Nord, Sud and TIGF – but since April 2015, the South PEGs have merged, creating the common market trading are PEG TRS (Trading Region South). At each point the following contracts are offered:
Tables and charts
This report includes 23 images and tables including: