Trading

Listed Products

We list physical natural gas contracts for delivery at the Trading Region South Hub on the Maui pipeline [NGP-TRS]. With emsTradepoint, you can trade gas intraday or for future delivery at the hub that is at the centre of the New Zealand gas transmission network.

We offer:

• low barriers to entry: open and transparent market access arrangements
• Central Counterparty settlement: emsTradepoint is the central counterparty to all trades, providing full cycle anonymity, easier credit risk management and operational efficiencies
• 7 days a week: Open for trade 7 days a week
• proactive and reactive markets: two markets are currently offered – On-The-Day for deliveries on the same day as trade, and Day-Ahead for future deliveries up to 24 months forward
• standardised physical delivery arrangements: physical delivery is satisfied under the standard open access codes

NGP-TRS

NGP-TRS is physically settled by title-transfer at the Trading Region South hub, located on the Maui pipeline 43.9 km north of Oaonui. The TRS hub consists of the TRS (Delivery) and TRS (Receipt) Welded Points.

NGP-TRS is:

• electronically traded on the web-based emsTradepoint Exchange Platform
• settled by the Central Counterparty
• fully compatible with existing Maui Pipeline Operating Code arrangements
• three contract codes: daily (D), weekly (W) and monthly (M)
• available for trade in two markets: Day-Ahead [DA] (forward 24 months) and On-The-Day [OTD]
• centrally located for ease of transportation north and south.

NGP-TRS(D) - Daily

• the trading board lists daily products in ascending date order
• the listed product name indicates the delivery date
• can be traded on the day or for any forward date
• the trading board is refreshed on Mondays to list the next 14 days

NGP-TRS(W) - Weekly

• the listed product name indicates the delivery period, eg 34-25 is the 34th week of 2025, starting Monday 18 August 2025
• the weekly product groups 7 consecutive days from each Monday
• total trade volume equates to 7 x trade volume, eg 5,000 GJ traded for 34-25 = 35,000 GJ (5,000 GJ each day, for 7 days)
• the trading board is refreshed on Mondays to list the next 8 weeks
• can be only be traded for forward weeks

NGP-TRS(M) - Monthly

• the listed product name indicates the delivery period, eg DEC-25 is for the entire month of December 2025
• the monthly product all days for that month, eg 31 days for DEC-25
• total trade volume equates to the number of days in the month x trade volume, eg 5,000 GJ traded for DEC-25 = 155,000 GJ (5,000 GJ each day, for 31 days)
• the trading board is refreshed on Mondays to list the next 24 months
• can be only be traded for forward months

Contract Windows:

Historic products

For delivery periods prior to 1 October 2015, emsTradepoint's product listing was Natural Gas Physical - Frankley Road [NGP-FR], delivered on the Vector SKF pipeline.

Market hours are compatible with the nomination regime on the Maui pipeline.