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Press Release | 14 Nov 2017

OMIClear and MIBGAS Derivatives Agreement

Secção: 

MIBGAS Derivatives and OMIClear have reached a collaboration agreement whereby the latter will provide clearing and settlement services for all transactions executed in the MIBGAS Derivatives trading platform. MIBGAS Derivatives is a private company offering exchange services for natural gas derivatives products (futures contracts), liquefied natural gas (LNG) and underground storage gas in the Iberian Peninsula. Once the platform is commercially launched, the MIBGAS Derivatives platform will list monthly (starting in M+2), quarterly, seasonal and yearly physical products. This will contribute to the completion of the product and price curve in the Iberian natural gas market. Both MIBGAS Derivatives and OMIClear believe that this agreement will foster the development of the forward natural gas market in the Iberian Peninsula and facilitate the creation of robust price signals for all delivery horizons.