Platts launches physical Dutch TTF gas assessments at Singapore market close

S&P Global Platts has launched month-ahead and second month ahead physical Dutch Title Transfer Facility (TTF) natural gas price assessments on a $/MMBtu basis, time stamped to 4:30 pm Singapore time, effective Feb. 3, 2022.

This follows an increase in TTF-related activity in the Asia afternoon time period. Platts first proposed launching these assessments in a subscriber note published Nov. 18, 2021: https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/111821-platts-proposes-to-launch-physical-dutch-ttf-gas-assessments-at-singapore-market-close.

The new TTF assessments are based on the Platts Euro/US$ foreign exchange assessment (AAWFU00) time stamped at 4:30 pm Singapore time, as well as a conversion factor of 1 MMBtu = 0.293071 MWh, which is equivalent to 1 MWh = 3.412 MMBtu.

The TTF assessments reflect the following terms and specifications:

Delivery timing: Month-ahead and second month ahead.

Basis: Prices are for physical delivery at the Dutch Title Transfer Facility.

Quality: Prices are for high cal gas. Other specs are as defined by Dutch network operator Gasunie.

UOM: 5 MW

Time stamp: 4:30 pm Singapore time

Publishing schedule: Singapore publishing schedule

Roll: Platts will assess the front-month period until the final UK business day prior to the first calendar day of the delivery month. For example, on Feb. 25, 2022, the front-month assessment will reflect March and on Feb. 28, 2022, the front-month assessment will reflect April.

The new assessments appear in Platts LNG Daily, Platts Natural Gas Alert page 1079 and LNG Alert page 850 under the following price database codes:

Assessments Code MAvg

Dutch TTF Mo01 $/MMBtu Singapore Close DTMSC01 DTMSC31

Dutch TTF Mo02 $/MMBtu Singapore Close DTMSC02 DTMSC32

Dutch TTF Mo01 $/MMBtu Singapore Close (Mirrored) DTOSC01 DTOSC31

Dutch TTF Mo02 $/MMBtu Singapore Close (Mirrored) DTOSC02 DTOSC32

Platts has also replaced the existing Platts 4:30 pm London time stamped TTF $/MMBtu equivalent symbols (GTFWM10; GTFWM20) with the newly launched 4:30 pm Singapore time stamped TTF $/MMBtu assessments in comparative LNG price assessments it currently publishes under the following price database codes from Feb. 3, 2022:

Assessments Code MAvg

LNG DES JKM Spot vs Dutch TTF Mo01 $/MMBtu LNTFJ00 LNTFJ03

Separately, Platts will launch live, dollar-denominated TTF assessments in $/MMBtu, time stamped to 4:30 pm London time, on Feb. 28, 2022 (https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/012622-platts-to-launch-physical-ttf-assessments-at-atlantic-lng-moc-time).

Please send any questions, comments or feedback to LNGeditorialteam@spglobal.com and pricegroup@spglobal.com For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available upon request.