Overview

Argus produces prompt and forward gas price assessments for Germany’s new virtual trading point (VTP) operated by Trading Hub Europe (THE). This market launched on 1 October 2021, and is the result of the merger between Germany’s former gas market areas Gaspool and NCG.

Argus launched price assessments prior to the merger to provide additional transparency and to ease the transition for market participants trading at the new hub

Price assessment details


What are the advantages of the Argus Germany VTP (Trading Hub Europe) price assessment?

We publish prices daily. Assessments are based on a robust methodology, and are known and trusted by market participants along the value chain. Taking an early view on the Germany VTP (Trading Hub Europe) helped stakeholders of all kinds to prepare for the market merger. Argus’ Germany VTP (THE) price series began on 15 July 2020.

As part of the Argus European Natural Gas service, the Germany VTP price assessments are accompanied by a wide range of other assessments, as well as extensive news coverage and expert market commentary.

Price details

Germany VTP forward prices extend up to the fourth calendar year forward, as far as the former NCG and Gaspool curves.

After extensive consultation with the market, Argus will continue to publish NCG and Gaspool prices up to and including 30 December 2021. NCG and Gaspool assessments will be equivalent to the corresponding Argus Germany VTP (Trading Hub Europe) assessments from 1st October until their discontinuation.

Contracts quoted

Argus publishes day-ahead, weekend, month, quarter, season and calendar year prices.

How to access ARGUS Germany VTP (Trading Hub Europe) price assessments

Published as part of the Argus European Natural Gas service, you can access Argus Germany VTP price assessments on the Argus Direct interactive platform, have the price delivered via a datafeed or Argus Direct for Spreadsheets, receive it via one of our third-party partners or get it direct to your inbox within the daily report.

Argus European Natural Gas provides you with a comprehensive and independent view of the markets, with latest news, detailed analysis, price assessments and extensive associated pricing and fundamentals data. The insight from our cross-commodity analysis helps bring valuable context to prices and ensures users understand price and market movements.

Key price assessments

Argus prices are recognised by the market as trusted and reliable indicators of the real market value. Explore some of our most widely used and relevant price assessments.