LEBA European Gas Forward Data Product Overview

Launched on 1st October 2012, LEBA is pleased to offer a unique and comprehensive set of European Gas Forward Indices based on traded activity, provided as a suite of daily indices.

Use Cases

Coverage includes the major gas hubs across Europe, including; TTF, Austrian VTP, GPI, NCG, PEG Nord, TRS, PSV and Zeebrugge. Months, Quarters, Seasons, Gas year and Calendar year indices have been designed to give a comprehensive overview of the European gas forward market. Unique, independent summary of OTC trading activity across major brokers in the European gas market. Reliable, proven indices designed and developed in partnership with the OTC market participants. Oil and gas producers, wholesale users, utilities, and financial traders benefit from independent market information based on traded activity rather than price assessments; the regulator’s preferred input data for determining indices. Volume based, weighted averages quoted in megawatts and Euros per megawatt hour except the Zeebrugge hub indices which are quoted in therms and prices are quoted in pence per therm. LEBA European Gas Forward Indices offer an essential addition to your daily analysis. Historical data is available for analysis and back testing.

Key Data Points

Examples of key data points include:

The LEBA European Gas Forwards Indices were launched on 1st October 2012. The indices are calculated using volume weighted averages of all transactions taking place during each trading day through LEBA members.

The forward delivery periods covered are (dependent on the liquidity):

Up to 10 Months Up to 10 Quarters Up to 10 Seasons Up to 2 Gas Years Up to 3 Calendar Years The indices are volume weighted average prices (VWAP) of all trades transacted through LEBA members between 07:00 hrs and 17:00 hrs UK time.

Additional Information

The European gas market accounts for 13% of EU energy consumption and fuels 15% of the electricity generated. The EU is an overall importer of gas and is therefore exposed to global pricing trends.

The UK market can be viewed on a standalone basis (see LEBA NBP UK Gas Indices) but the European gas market is a highly interconnected set of hubs across a complex physical infrastructure. Including both the most mature TTF hub and the most active hubs across Europe gives the LEBA European Gas Forward Index a comprehensive view of Europe-wide forward liquidity.

LEBA European Gas Indices have been developed by the market for the market and have become established reference points in the UK gas market.

Pricing Information

The LEBA European Gas Forward Indices are available by subscription only. If you wish to contact LEBA regarding subscription options, please email team@eosedata.com.

Need Help?

• If you have questions about our products, contact us using the support information below. leba@leba.org.uk or team@eosedata.com

About Your Company

The London Energy Brokers' Association was formed in 2003 in affiliation with the European Venues and Intermediaries Association (previously the Wholesale Markets Brokers' Association) to represent wholesale markets broking firms active in the Over the Counter (OTC) and exchange traded UK and liberalised European energy markets.

These brokers intermediate and facilitate bilateral contracts to be concluded between banks, trading houses, commercial enterprises, public utilities and integrated energy businesses, providing liquidity and price discovery to these markets as well as contributing significant liquidity to European exchange traded markets. The major products that they deal in include crude oil and refined petroleum products, gas, electricity, coal and emissions. More than $2 trillion worth of energy is traded through LEBA brokers each year, with data from the broker market helping to drive energy markets throughout the world.

LEBA represents the interests of its members and those of the markets in which they operate, with particular support in the areas of regulation and legislation both in the UK and Europe. Of particular importance are the relationships that LEBA has with regulators, Government bodies and other energy market associations. The Association also supports efforts to ensure the highest standards of training and competence and codes of conduct are adhered to.

The Association currently collates and publishes price indices in respect of Carbon, European and UK Gas and Power and Coal and full details of these can be found in our Market Data section. In addition, the association collects and publishes frequent statistics covering the size and scope of the member firms' activities in the wholesale energy markets.