LNG Price Assessment

LNG Price Assessment

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Lng extraction

On 30 December 2022, Council Regulation (EU) 2022/2576 “Enhancing solidarity through better coordination of gas purchases, reliable price benchmarks and exchanges of gas across borders” has entered into force.

The Regulation tasks ACER with producing and publishing a new daily Liquefied Natural Gas (LNG) price assessment starting no later than 13 January 2023.

The Regulation grants ACER the necessary powers to collect the data needed for the establishment of the LNG benchmark, extending for the execution of this task the competences already conferred to ACER under Regulation (EU) No 1227/2011 and Commission Implementing Regulation (EU) No 1348/2014 (collectively referred to as ‘REMIT’).

As of 31 March 2023, ACER shall produce and publish a daily LNG benchmark. The LNG benchmark shall provide for greater market transparency based on mandatory data reporting, and hence is expected to reflect real-world prices for LNG. Stakeholders may use the LNG benchmark voluntarily.

ACER provides step by step guidance to LNG market participants on how to register.

Where to find the ACER’s daily LNG price assessment reports?

From 13th January 2023, ACER will publish its LNG price assessment daily (weekdays only) before 18.00 CET on the Price Assessment page of the TERMINAL platform.

 

LNG Price Assessment

ACER’s daily LNG price assessment reports

Where to find ACER’s daily LNG price assessment reports?

From 13th January 2023, ACER will publish its LNG price assessment daily (weekdays only) before 18.00 CET. The primary publication site is the Price Assessment page of TERMINAL.

However in case TERMINAL is not available, ACER will (exceptionally) publish the daily assessments here on this page.

LNG Price Assessment

LNG data reporting guidance for market participants

The purpose of the Guidance is to provide a comprehensive guidance to LNG market participants on how to report LNG market data to ACER in accordance with the requirements specified in the Regulation, thus enabling them to adequately fulfil their reporting obligation.

ACER consulted with the market participants on the draft Guidance after the initial proposal by the Commission was published on 18 October 2023.

ACER shall regularly review and update the methodology used for LNG market data reporting, taking into account the views of market data reporting parties. In doing so, ACER will also update this guidance document, after consulting with the relevant stakeholder groups in order to align the LNG market data collection whenever deemed necessary.   

LNG Price Assessment

LNG data reporting tool

LNG market participants who need to comply with their reporting obligation under the Regulation will be able to submit records on LNG market data to ACER.

For LNG market data collection purposes, ACER has set up a dedicated data collection system named ‘TERMINAL’. LNG market participants must register and create a user account at TERMINAL.

In case of any technical issues on ACER’s TERMINAL, please contact ACER via aegis.admin@acer.europa.eu.

LNG Price Assessment

Contacting ACER

In case of queries on the reporting obligation and the reporting guidance related to LNG market data collection, reporting parties should send their questions to ACER’s dedicated functional mailbox at transaction.reporting@acer.europa.eu.

 

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