ACER improves LNG market transparency with updated guidance and new Expert Group
What is it about?
As part of its REMIT mandate, ACER is strengthening transparency and reliability in the EU liquefied natural gas (LNG) market through:
- updated guidance on LNG market data reporting; and
- a new Expert Group on LNG price assessment and benchmarks.
Why does this matter?
The Regulation on Wholesale Energy Market Integrity and Transparency (REMIT) is the EU-wide framework that helps detect and deter abuse in wholesale energy markets.
Under REMIT, ACER is responsible for publishing a daily LNG price assessment and a daily LNG benchmark, providing market participants with reliable references that reflect actual trading conditions.
Reliable LNG price indicators mainly depend on two elements:
1. Accurate and consistent reporting by market participants
To support this, ACER has updated its guidance on LNG market data reporting, which clarifies how market participants should submit the data used for the price assessment and benchmark in line with REMIT requirements. The update includes additional guidance on how to report information about the facility where LNG is loaded onto a ship in case of free on board (FOB) transactions. In these arrangements, once the cargo is loaded, ownership of the LNG passes from the seller to the buyer, who then becomes responsible for transport and delivery.
The guidance will be revised again once the recast REMIT Implementing Regulation is published in the Official Journal, to reflect any new reporting requirements and incorporate stakeholder input.
2. A robust methodology to collect and process LNG transaction data
ACER regularly reviews the methodology behind its LNG price assessment and benchmarks to reflect feedback from market participants and evolving market practices.
To further refine this methodology and strengthen its work on price assessments and benchmarks, ACER is launching a new Expert Group. Building on previous experience, the group will serve as a platform for discussion and expert input, helping improve the reliability of LNG price indicators.
Interested in joining the Expert Group?
We are looking for professionals with experience in LNG markets, energy pricing or related fields to join and contribute their expertise.
Submit your application by 26 March 2026.
Check the Open Letter for detailed information on the application process, eligibility criteria and other relevant information.