Platts launches additional PEG natural gas assessments

Platts, part of S&P Global Commodity Insights, has extended its current French Point d'Echange de Gaz (PEG), to two additional months, one quarter, one season and one calendar year, effective Aug. 1, 2024.

The new daily assessments reflect the physical gas price for the following delivery periods:

Month Ahead+1, Month Ahead+2, Quarter Ahead, Season Ahead, Calendar Year 1.

These have been added to Platts' existing PEG offering of: Day Ahead and Month Ahead contracts (assessed daily) and weekly assessments for the Weekend contract (assessed on Fridays only)

These prices are assessed in Eur/MWh and converted into $/MMBtu, pence/therm and Eur/GJ, utilizing standard conversion factors (https://www.spglobal.com/platts/PlattsContent/assets/files/en/conversiontables/conversion_factors.pdf) and prevailing foreign exchange rates at the time of the assessment.

The new assessments reflect the value at the close of the market at 4:30 pm London time and follow the UK publishing schedule.

Platts published its decision to launch the assessment on July 2 here:

https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/070224-platts-to-expand-french-peg-natural-gas-market-reporting

The original proposal notes were published on June 13 here:

https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/061324-platts-proposes-additional-french-peg-natural-gas-assessments

Platts is publishing the additional PEG assessments daily on the Natural Gas news wires (PGN0840, PEP082), and in the European Gas Daily publication alongside its existing PEG natural gas prices.

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

Platts' publication schedule can be found here: https://www.spglobal.com/platts/en/our-methodology/holiday

Please send 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.