15 Jun 2022 | 17:50 UTC

Subscriber Note: Platts Jan. 14 LNG European Assessment Rationale & Exclusions

Please note that Platts, a part of S&P Global Commodity Insights, has published the June 14 LNG European Assessment Rationale & Exclusions.

The rationale & Exclusions were unintentionally excluded from the June 14 edition of LNG Daily.

The content reads as follows:

The DES Northwest Europe marker for July was assessed at $25.853/MMBtu June 14, up $3.525 on the day.

The first half of July was assessed at $25.853/MMBtu and H2 July was assessed at $25.853/MMBtu, reflecting a flat intramonth structure, compared with 10 cents/MMBtu intramonth backwardation June 13.

July DES NWE tradable value was heard between TTF minus $4.00/MMBtu and TTF minus $3.00/MMBtu. A beginning-of-July DES NWE trade was heard at TTF minus low $3.00s/MMBtu.

TTF July futures opened at Eur83.750/MWh, trading in a Eur83.750/MWh-Eur100.995/MWh range during European hours, before finishing at Eur96.125/MWh at 4:30 pm London time.

The Mediterranean marker was assessed at a 15-cent premium to Northwest Europe, based on market intelligence.

The Mediterranean marker for July was assessed at $26.003/MMBtu June 14. H1 July was assessed at $26.003/MMBtu and H2 July was assessed at $26.003/MMBtu. This rationale applies to the symbols AASXU00 and AASXY00.

Exclusions: None.