Platts clarifies publication of reoffers in APAC LNG physical MOC

S&P Global Platts is clarifying the publication of reoffers reported during the Asia-Pacific LNG Market on Close (MOC) price assessment process.

In the event that a physical cargo offer is repeated after a trade, the seller must inform Platts editors of a different base vessel to the one published for the initial reported trade. The new base vessel stated in the reoffer should be commensurate with the base vessel in the initially reported trade.

Platts will not publish reoffers if the new base vessel information has not been provided.

Under Platts MOC guidelines, a rebid or reoffer on a physical cargo must match the initial position's parameters, with the exception of price. A rebid or reoffer can be made at the same level or inferior to the traded price.

Time allowed for participants to repeat a bid or offer for Asia LNG physical is at a maximum of 60 seconds following a trade (https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/011722-platts-changes-timing-increment-guidelines-for-asia-lng-moc-process).

Please send any questions, comments or feedback to LNGeditorialteam@spglobal.com and pricegroup@spglobal.com.

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.