LNG Price Assessment
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 13 January 2023 onwards, ACER publishes its LNG price assessment every weekday before 18.00 CET on the Price Assessment page of the TERMINAL platform.
Expert Group on LNG price assessment/benchmarks
Access more information on Expert Group on LNG price assessment/benchmarks.
LNG Price Assessment
ACER’s daily LNG price assessment reports
Where to find ACER’s daily LNG price assessment reports?
From 13 January 2023 onwards, ACER publishes its LNG price assessment every weekday before 18.00 CET. The primary publication site is the Price Assessment page of TERMINAL.
In case TERMINAL is not available, ACER will (exceptionally) publish the daily assessments on this page.
Documents
LNG Price Assessment
Media briefing
LNG Price Assessment
LNG data reporting guidance for market participants
The purpose of the document 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ACER consulted with the market participants on the draft Guidance after the initial proposal by the Commission was published on 18 October 2023.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, where LNG market participants must register and create a user account.
In case of any technical issues on ACER’s TERMINAL, please contact ACER via aegis.admin(at)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(at)acer.europa.eu.