EC proposes new LNG price benchmark

The Brussels Times

Belgium, (Brussels Morning Newspaper) The European Commission proposed a new liquefied natural gas (LNG) price benchmark based on transactions.

The body pointed out in a paper published on Thursday that the benchmark should reflect real price of LNG and be based on cargo delivery prices, according to Reuters reporting.

“The complementary benchmark would limit the current negative effect on price formation due to infrastructure bottlenecks and is thus expected to bring prices closer to the world market levels,” the Commission stressed.

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