Platts launches Hungarian gas assessment

Platts, part of S&P Global Commodity Insights, has launched 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 comes amid increasing liquidity on Hungarian natural gas contracts following Russia's invasion of Ukraine in 2022. The launch is also aligned with market feedback requesting pricing transparency for the region and is strengthening existing coverage of other Central and Eastern European hubs, such as Austrian CEGH VTP, Czech VTP, and Slovak VTP. Platts published its decision to launch the assessment on June 18 here:

https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/061824-platts-to-launch-hungarian-natural-gas-price-assessments

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 reflect the physical gas price in Eur/MWh for the following delivery periods:

• Daily assessments: MGP day-ahead-delivery contract (GCAWT00), MGP month-ahead-delivery contract (GCEWT00)
• Weekly assessment: MGP weekend-delivery contract (GCDWT00), assessed on Friday only

Hungarian MGP prices are assessed in Eur/MWh and 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 reflect a 4:30 pm London timestamp and follow the UK publishing schedule (https://www.spglobal.com/platts/en/our-methodology/holiday).Platts is publishing the MGP assessments in the Natural Gas news wire, and in the European Gas Daily publication alongside its existing EMEA natural gas markets coverage.

Please submit any feedback, comments, or questions 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.