TERMINAL is an application on the AEGIS platform developed for collecting LNG market data and publication of the LNG price assessment and benchmark, in accordance with the COUNCIL REGULATION (EU) 2022/2576 on 'Enhancing solidarity through better coordination of gas purchases, reliable price benchmarks and exchanges of gas across borders'. On the LNG price assessment and benchmark page, you can access ACER's daily LNG price assessment reports, which are available on weekdays only.
For current price assessments, please refer to the LNG PRICE ASSESSMENTS section.
The COUNCIL REGULATION (EU) 2022/2578 of 22 December 2022 establishes a gas “market correction mechanism to protect Union citizens and the economy against excessively high prices” (MCM Regulation). It enters into force on 1 February 2023 for a period of one year.
The market correction mechanism (MCM) is an instrument designed to limit prices in EU gas markets. It is activated when prices at EU virtual trading points move above certain levels and when these prices are also significantly above the LNG import price.
You can read more about the MCM on the Agency web site. For current status of the mechanism, please refer to the MARKET CORRECTION MECHANISM section.