New European gas price assessments to launch September 1

Following industry consultation, Platts has decided to extend its European gas forward assessments by adding: for the UK NBP, two more seasons and a calendar year; for the Dutch TTF, weekend and two more seasons; for GASPOOL and PEG Nord one quarter ahead, one season ahead and one year ahead; for the PSV one quarter ahead and one season ahead; for NetConnect Germany one quarter ahead.

The development of the markets means that there is now sufficient liquidity in these products and adding them will bring additional transparency to the continental European gas markets.

We will publish assessments each UK working day, in Eur/MWh, p/th and $/MMBtu, applying the same market on close methodology as for all other European gas assessments.

The prices will be in European Gas Daily, on our real-time service European Power Alert and also available as Platts Market Data.

Launch date is September 1, 2011.

Please address any comments to power@platts.com with a copy to pricegroup@platts.com.