Agency for the Cooperation of Energy Regulators

ESMA analyses preliminary effects of market correction mechanism on EU natural gas derivative market

Retrieved on: 
Friday, January 27, 2023
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ESMA analyses preliminary effects of market correction mechanism on EU natural gas derivative market

Key Points: 
  • ESMA analyses preliminary effects of market correction mechanism on EU natural gas derivative market
    The European Securities and Markets Authority, the EU’s financial markets regulator and supervisor, has today published its preliminary data report following the introduction of the market correction mechanism (MCM) in the EU Regulation.
  • The report describes the structure and main participants in the EU natural gas derivative market.
  • It focuses on market indicators aimed at assessing the potential effects of the adoption of the MCM.
  • Next steps
    Should stakeholders have any feedback on the preliminary data report, do not hesitate to reach out to ESMA.

ICE to Launch European LNG Futures for North-West and South-West Europe and Three Supporting French, German and Italian Natural Gas Futures

Retrieved on: 
Thursday, October 27, 2022
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Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology, and market infrastructure, today announced plans to launch two liquid natural gas (LNG) futures contracts for North-West Europe and South-West Europe.

Key Points: 
  • Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology, and market infrastructure, today announced plans to launch two liquid natural gas (LNG) futures contracts for North-West Europe and South-West Europe.
  • The price of natural gas in Europe remains high because of an imbalance between supply and demand, caused by the significant reduction in the supply of natural gas into Europe from Russia and the downstream impact of physical capacity constraints across the European natural gas network.
  • Additionally, ICE plans to launch three supporting French PEG, German THE and Italian PSV Natural Gas 1st Line contracts on December 5, subject to regulatory approval.
  • Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange.