The Gas exchange point - South (Point d'échange de gaz – Sud), commonly referred to as PEG Sud, was one of 3 virtual trading locations for the sale, purchase and exchange of

natural gas Natural gas (also fossil gas, methane gas, and gas) is a naturally occurring compound of gaseous hydrocarbons, primarily methane (95%), small amounts of higher alkanes, and traces of carbon dioxide and nitrogen, hydrogen sulfide and helium ...

and

LNG Liquefied natural gas (LNG) is natural gas (predominantly methane, CH4, with some mixture of ethane, C2H6) that has been cooled to liquid form for ease and safety of non-pressurized storage or transport. It takes up about 1/600th the volume o ...

in France. It was one of the pricing and delivery points for

Powernext Powernext SA, incorporated in 2001, is a regulated market operating under AMF supervision. Based in Paris, Powernext manages the natural gas activities of the EEX Group under the PEGAS brand throughout Europe, and operates the National Registry f ...

natural gas

futures contract In finance, a futures contract (sometimes called futures) is a standardized legal contract to buy or sell something at a predetermined price for delivery at a specified time in the future, between parties not yet known to each other. The item tr ...

s. Gas at the PEG Nord is traded on the

exchange. On April 1, 2015, it was merged with PEG TIGF (France) into the TRS ( Trading Region South).

History

PEG Sud was one of the 3 virtual trading points (VTPs or trading hubs) and balancing areas for gas in France and was created in 2004 and rationalised in 2009. It covered the southern half of France except the south west region which was covered by PEG TIGF.

Ownership

PEG Sud belonged to

GDF Suez Engie SA (stylised in all caps as ENGIE) is a French multinational electric utility company, headquartered in La Défense, Courbevoie. Its activities cover electricity generation and distribution, natural gas, nuclear power, renewable energy ...

via its subsidiary

GRTgaz GRTgaz is a French natural gas transmission system operator located in Bois-Colombes, Île de France, France. The operated system consists of high pressure gas pipelines with pressure exceeding . Status GRTgaz is a public limited company, a subsi ...

Interconnections

PEG Sud was connected to: * PEG Nord (France) * PEG TIGF (France)

References

{{reflist Natural gas trading hubs