Platts to launch US LNG bunker assessment March 16

S&P Global Platts will launch a new daily LNG bunker fuel price assessment, reflecting the value of LNG used as a marine fuel in the Southeast coast region of the US, effective March 16, 2022.

The new assessment will be published on a fixed price delivered basis in $/MMBtu, and will reflect the prevailing spot price of LNG bunkers transacted on the US southeast coast, with the basis port being Jacksonville, Florida.

Platts first proposed launching the LNG bunker assessment in a subscriber note published Jan. 11: https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/011122-platts-proposes-to-launch-us-lng-bunker-assessment.

The assessment will reflect barge-to-ship delivery, with a volume of up to 5,000 cu m from the date of publication. Platts will also take into consideration truck-to-ship trades and normalize where appropriate to a barge-to-ship equivalent price.

Platts will convert floating prices, or index-linked prices, to a fixed price for consideration in the final, fixed-price assessment. Platts will also publish the US LNG bunker fuel assessment on $/mt basis, one reflecting the calorific value of the direct competing fuel oil market of 0.1% sulfur; the other using the LNG conversion factor of 52 to arrive at a $/mt assessment. The fuel oil equivalent conversion assessment will use a factor of 38.643 as its basis.

The assessments will reflect market value at the close of London trade at 4:30 pm UK time, and will follow the UK publishing schedule.

The new assessments will be published in Platts LNG Alert pages 0860 and 0861, Platts Natural Gas Alert pages 0860 and 0861, LNG Daily and Bunkerwire.

Please send feedback and questions 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.