Platts to launch Belgian ZTP natural gas assessments

S&P Global Platts has decided to launch assessments for natural gas at the Zeebrugge Trading Point area (ZTP), Belgium, effective Sept. 30, 2021.

The new daily assessments will reflect physical day-ahead and month-ahead delivery of gas, and will be based upon data collected from surveying market participants.

Platts will also publish assessments for weekend contracts on the last working day of the week, and daily contracts for public holidays.

ZTP prices will be assessed in Eur/MWh, and will be converted into $/MMBtu, p/th and Eur/Gj, using prevailing foreign exchange rates at the time of the assessment and standard conversion factors (https://www.spglobal.com/platts/plattscontent/assets/files/en/conversiontables/conversion_factors.pdf).

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

Platts will publish ZTP assessments daily on the Natural Gas news wire, and in the European Gas Daily publication alongside its existing Zeebrugge Beach natural gas prices.

The published prices and their respective symbols will be as follows (in the order of Eur/MWh, p/th, $/MMBtu, Eur/GJ, $/1000 cu m):

Belgian ZTP Day Ahead: ZTPTD00, ZTPVD00, ZTPWD00, ZTPUD00

Belgian ZTP Month Ahead: ZTPTM00, ZTPVM00, ZTPWM00, ZTPUM00

Belgian ZTP Weekend: ZTPTW00, ZTPVW00, ZTPWW00, ZTPUW00

Belgian ZTP Day Ahead (flow date): ZTPTD21, ZTPVD21, ZTPWD21, ZTPUD21

Belgian ZTP Day Ahead Monthly Average: ZTPTD03, ZTPVD03, ZTPWD03, ZTPUD03, ZTPZD03

Belgian ZTP Day Ahead Monthly Average (flow date): ZTPTD05, ZTPVD05, ZTPWD05, ZTPUD05, ZTPZD23

Belgian ZTP Month Ahead Monthly Average: ZTPTM03, ZTPVM03, ZTPWM03, ZTPUM03, ZTPZM03

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

Specifications: https://www.spglobal.com/platts/en/our-methodology/methodology-specifications/natural-gas/european-gas-methodology;

Methodology: https://www.spglobal.com/platts/plattscontent/_assets/_files/en/our-methodology/methodology-specifications/platts-assessments-methodology-guide.pdf

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

Please send comments or questions to EGDeditors@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.