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    New European price index for LNG flounders for second day: still no price

    January 16, 2023 - CE Noticias Financieras


      The new price index for European liquefied natural gas is still unable to provide a close. For the second day in a row, the regulatory body ACER has not been able to offer a price as the transactions that have been crossed are insufficient to be able to comply with the planned methodology. There are currently 54 registered traders and eleven trades have been reported, an insufficient number to calculate a price.

      Since last Friday, ACER was scheduled to publish its LNG price report on a daily basis but during the two working days enabled, not enough operations have been registered.

      As of 4 p.m. Friday, Acer had collected a total of 9 trades today, of which 2 were eligible. According to the methodology, the LNG market data reported for price assessment during the relevant moving time window was not sufficient. Therefore, it was not possible to calculate a single daily LNG price indication.

      Today, the situation was repeated again with a total of 11 trades recorded, ACER notes.

      The European Commission aspires that this index can become a reference for the future joint gas purchasing platform.


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