Platts launches additional NBP, TTF natural gas assessments

Platts, part of S&P Global Commodity Insights, has extended 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 are based upon data collected from surveying market participants, and 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 are assessed in Eur/MWh, and converted into $/MMBtu, pence/therm and Eur/GJ, while NBP prices are assessed in pence/therm, and converted into Eur/MWh, Eur/GJ and $/MMBtu. These 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 reflect the value at the close of the market at 16:30 London time and follow the UK publishing schedule.

The symbols introduced are as follows:

On TTF: p/th $/MMBtu Eur/MWh Eur/GJ

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: p/th $/MMBtu Eur/MWh Eur/GJ

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 publishes 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.