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

S&P Global Platts will 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. Platts first proposed launching these assessments in a subscriber note published Nov. 18: https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/111821-platts-proposes-to-launch-physical-dutch-ttf-gas-assessments-at-singapore-market-close.

The new TTF assessments will 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 will 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

Roll: Platts will assess the front-month period until the final UK business day prior to the first calendar day of the delivery month. For example, on Feb. 25, 2022 the front-month assessment will reflect March and on Feb. 28, 2022 the front-month assessment will reflect April.

Platts will 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

Platts has also proposed to convert existing London-close TTF symbols to being live, dollar-denominated assessments rather than being calculated from Eur/MWh assessments effective Feb. 16, 2022.

The subscriber note for this proposal can be found here: https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/120921-platts-proposes-to-launch-physical-ttf-assessments-at-atlantic-lng-moc-time.

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

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