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.


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:


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

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

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