Platts launches additional ZTP, THE natural gas assessments

Platts, part of S&P Global Commodity Insights, has extended its current Zeebrugge Trading Point (ZTP), Belgium, and Trading Hub Europe (THE), Germany, natural gas offering to additional months, quarters, seasons and years ahead, effective Oct. 2.

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

On Belgian ZTP: Quarter Ahead, Season Ahead, Season Ahead+1, Calendar Year 1

On German THE: Month Ahead+1, Quarter Ahead, Quarter Ahead+1, Season Ahead, Season Ahead+1, Calendar Year 1, Calendar Year 2

Belgian ZTP and German THE prices would be assessed in Eur/MWh and would be converted into $/MMBtu, pence/therm and Eur/GJ.

This would utilize 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 would reflect the value at the close of the market at 4:30 pm London time and would follow the UK publishing schedule.

The symbols introduced are as follows:

On ZTP: p/th $/MMBtu Eur/MWh Eur/GJ

Quarter Ahead ZTPVQ10 ZTPWQ10 ZTPTQ10 ZTPUQ10

Season Ahead ZTPVS10 ZTPWS10 ZTPTS10 ZTPUS10

Season Ahead+1 ZTPVS20 ZTPWS20 ZTPTS20 ZTPUS20

Calendar Year 1 ZTPVY10 ZTPWY10 ZTPTY10 ZTPUY10

On THE: p/th $/MMBtu Eur/MWh Eur/GJ

Month Ahead+1 GTHVM10 GTHWM10 GTHTM10 GTHUM10

Quarter Ahead GTHVQ10 GTHWQ10 GTHTQ10 GTHUQ10

Quarter Ahead+1 GTHVQ20 GTHWQ20 GTHTQ20 GTHUQ20

Season Ahead GTHVS10 GTHWS10 GTHTS10 GTHUS10

Season Ahead+1 GTHVS20 GTHWS20 GTHTS20 GTHUS20

Calendar Year 1 GTHVY10 GTHWY10 GTHTY10 GTHUY10

Calendar Year 2 GTHVY20 GTHWY20 GTHTY20 GTHUY20

Platts publishes the additional ZTP and THE assessments daily on the Natural Gas news wires (PEP0648, PGN0824, PEP0802, and PGN0802), and in the European Gas Daily publication alongside its existing ZTP and THE 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.

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