Platts launches new European LNG, Natural Gas differential assessments

Platts, part of S&P Global Energy, has launched 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 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, and published its decision to launch the spreads in a subscriber note on Oct. 27.

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.

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.