Platts to launch new European LNG, Natural Gas differential assessments

Platts, part of S&P Global Commodity Insights, will 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. 24.

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 relevant-month Dutch TTF and Platts DES NWE 0 Half-Month <DTTEO00>.

• The price difference between the relevant-month Dutch TTF and Platts DES NWE 1 Half-Month <DTTEP00>.

• The price difference between the relevant-month Dutch TTF and Platts DES NWE 2 Half-Month <DTTEQ00>.

• The price difference between the relevant-month Dutch TTF and Platts DES NWE 3 Half-Month <DTTER00>.

• 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 <LDNFC00>.

• LNG DES NWE Financial Q02 vs Dutch TTF Financial Q02 $/MMBtu <LDNFD00>.

• LNG DES NWE Financial S01 vs Dutch TTF Financial S01 $/MMBtu <LDNFA00>.

• LNG DES NWE Financial S02 vs Dutch TTF Financial S02 $/MMBtu <LDNFB00>.

• LNG DES NWE Financial Y01 vs Dutch TTF Financial Y01 $/MMBtu <LDNFE00>.

• LNG DES NWE Financial Y02 vs Dutch TTF Financial Y02 $/MMBtu <LDNFF00>.

• LNG DES NWE Financial Y03 vs Dutch TTF Financial Y03 $/MMBtu <LDNFG00>.

Platts first proposed to launch these LNG-TTF spreads on Oct. 6 in a subscriber note.

Full details of the existing Platts DES NWE LNG assessments can be found in the Global LNG Specifications Guide.

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

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