Platts proposes to discontinue Belgian Zeebrugge beach gas assessments, basis differentials

Platts, part of S&P Global Commodity Insights, is proposing to discontinue all natural gas price assessments relating to Belgium's physical-trading trading hub at Zeebrugge beach (ZTP-P), effective Sept. 29, 2023.

This methodology change is in response to the Belgian market merger on Oct. 1, 2023, when Zeebrugge and ZTP-V will be combined into one virtual-trading location, ZTP.

From Sept. 29, 2023, onwards, the merged ZTP virtual hub will be assessed, databased and published in the existing symbols for the Belgian Zeebrugge Trading Point (ZTP), without any further change to existing methodology.

The following Belgian Zeebrugge Beach assessments symbols would be discontinued (in the order of pence/therm, Eur/MWh, $/MMBtu and Eur/GJ):

• Day-ahead (AADON00, AALKK00, GZBWD00, AADNX00)
• Day-ahead+1 (AADON27, AALKK27, GZBWD27, AADNX27)
• Day-ahead+2 (AADON28, AALKK28, GZBWD28, AADNX28)
• Weekend (AADOP00, AALKM00, GZBWW00, AADYZ00)
• Month Ahead (AADOS00, AALKQ00, GZBWM10, AADOE00)
• Quarter Ahead (AADOY00, AALKW00, GZBWQ10, AADOK00)
• Season 1 (GZBVSN0, GZBTSN0, GZBWSN0, GZBUSN0)
• Season 2 (AAOXO00, AAOXR00, GZBWSN1, AAOXU00)

The following Belgian Zeebrugge Beach Flow-Date Series symbols would be discontinued (in the order of pence/therm, Eur/MWh, $/MMBtu and Eur/GJ):

• Day-ahead flow date (AADON21, AALKK21, GZBWF21, GZBUF21)
• The following Zeebrugge-NBP Basis Differential symbols would be discontinued:
• Day-ahead (AAMPI00 for p/th, AAMPL00 for Eur/MWh, AAMPJ00 for Eur/GJ)
• Day-ahead+1 (AAMPI27 for p/th, AAMPL27 for Eur/MWh)
• Day-ahead+2 (AAMPL28 for p/th, AAMPI28 for Eur/MWh)
• Month Ahead (AAMPM00 for p/th, AAMPP00 for Eur/MWh, AAMPO00 for Eur/GJ)

Belgian Zeebrugge assessments would no longer be published in European Gas Daily, European Gas Daily Monthly Averages, and on the Natural Gas and European Gas and Power newswires.

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

Platts publication schedule can be found here.

Please send comments, questions, alternative proposals or any other feedback regarding the above proposal by Aug. 15, 2023, to pricegroup@spglobal.com and eurogaspricing@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.