ACER urges market participants to improve the quality of reported LNG data

Since 31 March 2023, ACER has been producing and publishing its daily Liquefied Natural Gas (LNG) price assessments and benchmarks, as required by Council Regulation (EU) 2022/2576. The Regulation also imposes data reporting obligations on LNG market participants.

ACER regularly reviews the reported data to ensure its consistency with the LNG data reporting requirements. Since the start of LNG data reporting, ACER has observed data quality issues related to:

• Completeness;
• Timeliness; and
• Accuracy of the reported data.

ACER’s Open Letter on LNG market data quality

In its Open Letter on LNG market data quality, ACER highlights the most frequently observed data quality issues and urges LNG market participants to improve the quality of the reported data by:

• Diligently addressing any data quality issues;
• Promptly informing ACER of such issues; and
• Proactively ensuring compliance with the reporting requirements outlined in the ACER’s LNG data reporting guidance.

Good quality of the reported LNG data will enable ACER to more effectively monitor the LNG market for its LNG price assessments and benchmarks.

ACER remains committed to fostering engagement opportunities and information exchange through webinars and other activities to assist interested parties in addressing LNG data quality issues.

Access the ACER's Open Letter on LNG data quality.