Platts proposes to launch new European LNG, Natural Gas differential assessments

Platts, part of S&P Global Commodity Insights, is proposing to launch new assessments, for the spread between LNG and European pipeline gas prices, involving its physical half-monthly NWE assessments and its DES NWE derivatives at the close of European markets, 4:30 pm London time, effective Nov. 17.

This follows increased market interest in understanding the prevailing price difference between LNG and European gas prices.

The new assessments will include:

• The price difference between the Dutch TTF and Platts DES NWE 0 Half-Month (LNNDA00).
• The price difference between the Dutch TTF and Platts DES NWE 1 Half-Month (AASXV00).
• The price difference between the Dutch TTF and Platts DES NWE 2 Half-Month (AASXW00).
• The price difference between the Dutch TTF and Platts DES NWE 3 Half-Month (AASXX00).
• Additionally, the price difference between the relevant Dutch TTF in $/MMBtu and the equivalent seasons, quarters and calendar years of NWE derivative assessments:
  • LNG DES NWE Financial Q01 vs Dutch TTF Financial Q01 $/MMBtu
  • LNG DES NWE Financial Q02 vs Dutch TTF Financial Q02 $/MMBtu
  • LNG DES NWE Financial Summer vs Dutch TTF Financial Summer $/MMBtu
  • LNG DES NWE Financial Winter vs Dutch TTF Financial Winter $/MMBtu
  • LNG DES NWE Financial Y01 vs Dutch TTF Financial Y01 $/MMBtu
  • LNG DES NWE Financial Y02 vs Dutch TTF Financial Y02 $/MMBtu
  • LNG DES NWE Financial Y03 vs Dutch TTF Financial Y03 $/MMBtu

Full details of the existing Platts DES NWE LNG assessments can be found in the Global LNG Specifications Guide: https://www.spglobal.com/content/dam/spglobal/ci/en/documents/platts/en/our-methodology/methodology-specifications/lng/lng-specifications.pdf

Please send all feedback, comments and questions to lngeditorialteam@spglobal.com and pricegroup@spglobal.com by Oct. 20.

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.