Platts to launch Hungarian natural gas price assessments

Platts, part of S&P Global Commodity Insights, will launch daily natural gas price assessments basis Hungarian Virtual Trading Hub (MGP) reflecting day-ahead and month-ahead contracts and a weekly assessment of the hub's weekend contract, effective July 18.

The launch of the Hungarian natural gas market assessments will capture increasing liquidity on Hungarian natural gas contracts following Russia's invasion of Ukraine in 2022.

The launch will also align with market feedback requesting pricing transparency for the region and strengthen existing coverage of other Central and Eastern European hubs, such as Austrian CEGH VTP, Czech VTP, and Slovak VTP

Platts published the original proposal on May 24 here: https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/052424-platts-proposes-hungarian-natural-gas-price-assessments.

The Hungarian gas price assessments will reflect the physical gas price for the following delivery periods:

Daily assessments: MGP day-ahead-delivery contract, MGP month-ahead-delivery contract

Weekly assessment: MGP weekend-delivery contract (Friday only)

Hungarian MGP prices will be assessed in Eur/MWh and will be converted into $/MMBtu, pence/therm and Eur/GJ using Platts published conversion factors: https://www.spglobal.com/platts/PlattsContent/assets/files/en/conversiontables/conversion_factors.pdf and foreign exchange rates at the time of the assessment.

The assessments will reflect a 4:30 pm London timestamp and will follow the UK publishing schedule which can be found here: https://www.spglobal.com/platts/en/our-methodology/holiday.

Platts will publish the MGP assessments in the Natural Gas news wire, and in the European Gas Daily publication alongside its existing EMEA natural gas markets coverage.

The full description of the existing natural gas methodology in Europe can be found here: https://www.spglobal.com/commodityinsights/PlattsContent/_assets/_files/en/our-methodology/methodology-specifications/eurogasmetho.pdf

Please submit any feedback, comments, or questions to eurogas_pricing@spglobal.com, and pricegroup@spglobal.com.

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