Europe Launches New LNG Benchmark to Help Contain Price Spikes
A floating storage regasification unit at the Wilhemshaven LNG Terminal in Wilhelmshaven, Germany.
Photographer: Liesa Johannssen/BloombergThis article is for subscribers only.
Europe has a new benchmark for liquefied natural gas which regulators hope will disentangle the market from the kind of price surges witnessed last year.
The European Union Agency for the Cooperation of Energy Regulators launched the new price gauge on Friday, indicating that LNG was trading at a discount of €9.57 per megawatt-hour compared to a front-month contract on the Dutch Title Transfer Facility.