30.09.2024 – New guidance on reporting LNG supply contracts V1.1
The two versions of Annex VIII of the “Transaction Reporting User Manual” (TRUM) by the Agency for the Cooperation of Energy Regulators (ACER) provide guidelines for reporting liquefied natural gas (LNG) supply contracts under the REMIT regulation. Below are the main differences between Version 1.0 (March 13, 2024) and Version 1.1 (September 30, 2024):
Key Differences
- Clarifications and Refinements:
- Version 1.1 includes additional clarifications regarding reporting requirements for LNG supply contracts, especially for spot and portfolio contracts and associated transactions.
- New examples and scenarios have been added to help market participants better understand the requirements.
- Adaptations to Regulatory Changes:
- The updates reflect amendments in the REMIT regulation to ensure that the guidelines align with the latest regulatory requirements.
- References to updated documents and supplementary guidance were incorporated to maintain consistency with other ACER publications.
- Structural and Formatting Improvements:
- The structure of the document has been revised to enhance readability and usability.
- Sections have been reorganized, with headings and subsections adjusted for easier navigation.
Summary
Version 1.1 of Annex VIII of the TRUM offers expanded and refined guidance on reporting LNG supply contracts under REMIT. These updates aim to provide market participants with clearer instructions and ensure that the guidelines remain compliant with current regulatory standards.
For more detailed insights, consulting the specific sections of each version is recommended. Let me know if you’d like further assistance!
