Platts proposes additional French PEG natural gas assessments

Platts, part of S&P Global Commodity Insights, proposes to extend its French Point d' É change de Gaz (PEG) natural gas assessments to include two additional months, one quarter, one season and a year ahead, effective Aug. 1.

The proposal follows PEG's increasing importance as an LNG hub and gas conduit into the rest of Europe following Russia's war on Ukraine in 2022. This follows market requests for pricing transparency, enabling a better understanding of the PEG's competitiveness against other LNG entry points into Europe, like the Dutch TTF, the German THE and the Belgian ZTP.

The new assessments would reflect the physical gas price for the following delivery periods daily:

Month-ahead+1, Month-ahead+2, Quarter Ahead, Season Ahead, Calendar Year 1.

These would be added to Platts existing PEG offering of: the day-ahead and month-ahead contracts that are assessed daily, and our weekly assessments for the weekend contract (assessed on Fridays only).

These would utilize Platts conversion factors -- available here -- and prevailing foreign exchange rates at the time of the assessment.

The proposed assessments would reflect the value at the close of the market at 4:30 pm London time and would follow the UK publishing schedule.

Platts would publish the additional PEG assessments daily on the Natural Gas news wire, and in the European Gas Daily publication, alongside its existing PEG gas prices.

The full description of the existing natural gas methodology in Europe can be found here.

Platts publication schedule can be found here.

Please send all comments, feedback, and questions by June 27 to eurogas_pricing@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.