Platts proposes to launch physical Dutch TTF gas assessments at Singapore market close

S&P Global Platts is proposing to launch month-ahead and second month ahead physical Dutch Title Transfer Facility (TTF) natural gas price assessments on a $/MMBtu basis, time stamped to 4:30 pm Singapore time, effective Feb. 3, 2022.

This follows an increase in TTF-related activity in the Asia afternoon time period. Under this proposal, the new TTF assessments would be based on the Platts Euro/US$ foreign exchange assessment (AAWFU00) time stamped at 4:30 pm Singapore time, as well as a conversion factor of 1 MMBtu = 0.293071 MWh, which is equivalent to 1 MWh = 3.412. The TTF assessments would reflect the following terms and specifications:

Delivery timing: Month-ahead and second month ahead.

Basis: Prices are for physical delivery at the Dutch Title Transfer Facility.

Quality: Prices are for high cal gas. Other specs are as defined by Dutch network operator Gasunie.

UOM: 5 MW

Time stamp: 4:30 pm Singapore time

Publishing schedule: Singapore publishing schedule

Platts would also replace the existing Platts 4:30 pm London time stamped TTF $/MMBtu equivalent symbols (GTFWM10; GTFWM20) with the newly-launched 4:30 pm Singapore time stamped TTF $/MMBtu assessments in comparative LNG price assessments it currently publishes under the following price database codes from Feb. 3, 2022:

Assessments:

LNG DES JKM Spot vs Dutch TTF Mo01 $/MMBtu LNTFJ00

LNG DES JKM Spot vs Dutch TTF Mo01 $/MMBtu MAvg LNTFJ03

Please send any questions, comments or feedback to LNGeditorialteam@spglobal.com and pricegroup@spglobal.com by Dec. 3, 2021. 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.