Platts to launch additional NBP, TTF natural gas assessments Dec. 1

Platts, part of S&P Global Commodity Insights, has decided to extend its current National Balancing Point (NBP), United Kingdom, and Title Transfer Facility (TTF), Netherlands natural gas offerings to additional months, quarters, seasons and years ahead, effective Dec. 1, 2022.

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

On TTF:

Month Ahead 3, Month Ahead 4, Month Ahead 5, Month Ahead 6, Quarter Ahead 3, Quarter Ahead 4, Quarter Ahead 5, Quarter Ahead 6, Season Ahead 5, Season Ahead 6, Season Ahead 7, Season Ahead 8, Calendar Year 4, Calendar Year 5, Calendar Year 6

On NBP:

Month Ahead 3, Month Ahead 4, Month Ahead 5, Month Ahead 6, Quarter Ahead 3, Quarter Ahead 4, Quarter Ahead 5, Quarter Ahead 6, Season Ahead 5, Season Ahead 6

TTF prices will be assessed in Eur/MWh, and would be converted into $/MMBtu, pence/therm and Eur/GJ, while NBP will be assessed in pence/therm, converted into Eur/MWh, Eur/GJ and $/MMBtu. This will 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 will reflect the value at the close of the market at 16:30 London time and will follow the UK publishing schedule.

The symbols to be introduced are as follows (in order of p/th, $/MMBtu, Eur/MWh, Eur/GJ):

On TTF:

Month Ahead 3: GTFVM03, GTFWM30, GTFTM03, GTFUM03

Month Ahead 4: GTFVM04, GTFWM40, GTFTM04, GTFUM04

Month Ahead 5: GTFVM05, GTFWM50, GTFTM05, GTFUM05

Month Ahead 6: GTFVM06, GTFWM60, GTFTM06, GTFUM06

Quarter Ahead 3: GTFVQ03, GTFWQ30, GTFTQ03, GTFUQ03

Quarter Ahead 4: GTFVQ04, GTFWQ40, GTFTQ04, GTFUQ04

Quarter Ahead 5: GTFVQ05, GTFWQ50, GTFTQ05, GTFUQ05

Quarter Ahead 6: GTFVQ06, GTFWQ60, GTFTQ06, GTFUQ06

Season Ahead 5: GTFVSN5, GTFWSN5, GTFTSN5, GTFUSN5

Season Ahead 6: GTFVSN6, GTFWSN6, GTFTSN6, GTFUSN6

Season Ahead 7: GTFVSN7, GTFWSN7, GTFTSN7, GTFUSN7

Season Ahead 8: GTFVSN8, GTFWSN8, GTFTSN8, GTFUSN8

Calendar Year 4: GTFVCY4, GTFWCY4, GTFTCY4, GTFUCY4

Calendar Year 5: GTFVCY5, GTFWCY5, GTFTCY5, GTFUCY5

Calendar Year 6: GTFVCY6, GTFWCY6, GTFTCY6, GTFUCY6

On NBP:

Month Ahead 3: NGAAI00, GNCWM30, AALJS00, GNCUM30

Month Ahead 4: NGAAK00, GNCWM40, AALJU00, GNCUM40

Month Ahead 5: NGAAI05, GNCWM50, AALJS05, GNCUM50

Month Ahead 6: NGAAI06, GNCWM60, AALJS06, GUCUM60

Quarter Ahead 3: NGAAQ00, GNCWQ30, AALKA00, GNCUQ30

Quarter Ahead 4: NGAAS00, GNCWQ40, AALKC00, CNCUQ40

Quarter Ahead 5: NGAAQ05, GNCWQ50, AALKA05, GNCUQ50

Quarter Ahead 6: NGAAQ06, GNCWQ60, AALKA06, GNCUQ60

Season Ahead 5: AAOXC00, GNCWSN4, AAOXH00, GNCUSN5

Season Ahead 6: AAOXD00, GNCWSN5, AAOXI00, GNCUSN6

Platts will publish the additional NBP and TTF assessments daily on the Natural Gas news wires (PEP0675, PEP0676, PEP0682, PEP0683, PGN0825, PGN0826, PGN0806, PGN0807, PGN0808), and in the European Gas Daily publication alongside its existing NBP and TTF natural gas prices.

The full description of the existing natural gas methodology in Europe can be found here: https://www.spglobal.com/platts/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 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.