EU’s ACER launches LNG benchmark

The EU Agency for the Cooperation of Energy Regulators said it had launched its daily liquefied natural gas (LNG) benchmark to provide greater market transparency.

ACER’s daily LNG benchmark is determined by the spread between its daily LNG price assessment for ‘delivery ex-ship’ (DES) LNG spot EU and the settlement price for the TTF gas futures front-month contract established by ICE.

According to ACER, its LNG benchmark traded at a discount of 9.57 euros per megawatt hour to TTF on March 31 and at a discount of 11.97 euros per MWh to TTF on April 3.

ACER said the price of LNG delivered on a DES basis was 38.27 euros per MWh on March 31 and 39.39 euros per MWh on April 3.

In January, ACER launched its DES LNG spot price assessment, and after that it published its first daily LNG reference price in February.

ACER said that the daily LNG benchmark complements its daily LNG price assessments, launched in January.

The LNG benchmark provides for greater market transparency based on mandatory data reporting, and Acer expects the benchmark to reflect “real-world prices” for LNG.

According to ACER, stakeholders may use the LNG benchmark voluntarily.

Most Popular

Technip Energies wins contract for Eni’s Coral Norte FLNG

France-based LNG engineering giant Technip Energies has won a contract for preliminary work on Eni's second FLNG project in Mozambique, Coral Norte (Coral North).

Victrol: LNG London hits bunkering milestone

The Shell-chartered inland bunkering vessel LNG London, owned by a joint venture of Belgium's Victrol and France's Sogestran, has reached a new operational milestone.

Himalaya’s LNG-fueled bulkers earned $34,500 per day in June

LNG-powered bulker owner Himalaya Shipping achieved average time charter equivalent earnings of about $34,500 per day in June.

More News Like This

Atlantic LNG shipping rates dip, European prices up

Atlantic spot LNG shipping rates decreased this week, marking the largest week-on-week decline since January.

Spot LNG shipping rates dropped this week

Spot charter rates for the global liquefied natural gas (LNG) carrier fleet and European prices decreased this week compared to the previous week.

Atlantic LNG shipping rates down, Pacific rates up

Atlantic spot LNG shipping rates decreased to $48,750 per day this week, while Pacific rates rose compared to the week before.

Spain was top destination for US LNG supplies in April

Spain was the top destination for US liquefied natural gas cargoes in April, according to the Department of Energy’s LNG monthly report.