Tankard natural gas indexes greeted with scepticism

Tankard natural gas indexes greeted with scepticism

A trio of interdealer brokers launched a new series of indexes for European natural gas on February 6 – a move that comes amid fears about the reliability of assessments by price reporting agencies (PRAs). But while some industry observers are praising the offerings, known as the Tankard indexes, traders have yet to be convinced.

Backed by London-based Icap, Marex Spectron and Tullett Prebon, the Tankard indexes comprise day-ahead, weekend-ahead and month-ahead indexes for prices at four major E