Delivered LNG.
NWE and SWE.
Basis risk, priced.

As LNG flows into Europe have shifted and TTF liquidity has grown, the difference between TTF and the price of delivered LNG into Northwest and Southwest Europe has become a critical, and volatile, source of risk. Yet that basis has been hard to see: it is negotiated bilaterally, rarely disclosed, and assessed inconsistently across the market.

Spark LNG Cargo brings it into the open. SparkNWE and SparkSWE are mechanical, transparent assessments, produced using a standardised methodology on an independent platform. They now underpin ICE-listed futures, so you can price, benchmark and hedge European LNG basis risk against a trusted reference.