Platts proposes to discontinue Middle East Marker LNG comparative differential against fuel oil

S&P Global Platts is proposing to discontinue the Middle East Marker (MEM) LNG comparative differential against fuel oil 180 CST 2% FOB Singapore cargo on Aug. 2, 2021.

This differential (LMENF00) has been labeled as a comparison to fuel oil 180 CST 3.5% FOB AG since it was launched on Oct. 15, 2018. The differential published has reflected the difference between the MEM LNG (LMEMA00) and fuel oil 180 CST 2% FOB Singapore cargo in $/MMBtu (LUADW00), and the symbol description will be updated to clearly show this.

The proposed discontinuation is part of Platts ongoing review of historical data sets. This assessment appears in Platts LNG Alert pages 1810, 1811 and Platts Natural Gas Alert pages 1040, 1041 under the daily price database code LMENF00 and monthly average code LMENF03.

Platts also wishes to inform subscribers that the Middle East Marker (MEM) LNG comparative differential against FO 180 CST FOB Arab Gulf fuel oil in $/mt (LMEMF00) will also be discontinued. Platts understands that this symbol remains extant in some data series, but would be fully discontinued by Aug. 2, 2021.

Please send any questions, comments or feedback to LNGeditorialteam@spglobal.com and pricegroup@spglobal.com by July 5, 2021. For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available upon request.