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EU's ACER publishes first NWE LNG price assessment at 56.77 euros/mwh

Reuters
Updated ·1-min read
Illustration shows model of LNG tanker and the EU flag

LONDON (Reuters) - The EU Agency for the Cooperation of Energy Regulators (ACER) published its first liquified natural gas price assessment on Thursday for Northwest Europe at 56.77 euros per megawatt hour (MWh), data on ACER's website showed.

The price assessment is to be the first step in the EU's plan to launch a new European benchmark price for LNG, which Europe is switching to, to replace Russian pipeline gas.

(This story has been corrected to fix the typographical error in the second paragraph)

(Reporting by Susanna Twidale; Editing by Toby Chopra and David Goodman)