The PEG Nord natural gas market in France is a significant player in the European energy landscape. Located in the Nord-Pas-de-Calais region, PEG Nord is a major pipeline operator.
PEG Nord's key asset is the Nord Stream pipeline, a 1,224 km long pipeline that transports Russian gas to Germany. This pipeline plays a crucial role in meeting Germany's energy demands.
The demand for natural gas in France is driven by the country's industrial and residential sectors. In 2020, the industrial sector accounted for 42% of France's natural gas consumption.
PEG Nord's pipeline network spans over 2,000 km, making it a vital component of France's energy infrastructure.
A unique perspective: Uniswap Gas Fees
Prix du gaz
The price of gas is a crucial factor in the PEG Nord market. The price of gas is determined by the PEG market, which sets the wholesale price in France.
This wholesale price is one of the factors that goes into the final price paid by consumers, for contracts where the price per kWh is indexed. The Exx index for the future PEG market fixes the price of gas for the year 2024 at 51.54 €/MWh, as of June 7, 2023.
Discover more: Spot Price vs Strike Price
Frequently Asked Questions
What is the trading region of France gas?
The trading region of France gas is TRF (Trading Region France), a single marketplace area established to ensure a secure and competitive gas supply. It was launched in 2018 to unify the French market and connect it with main European markets.
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