SUBSCRIBER NOTE: Platts proposes to change basis & delivery window of DES Brazil LNG assessment

S&P Global Platts is proposing to change the freight netforward basis for its delivered-ex-ship (DES) Brazil LNG assessment to the US Gulf Coast from the East Atlantic, effective June 3, 2019.Under this proposal, Platts would make the Gulf Coast Marker (GCM – LGCSM01) the basis of the netforward, rather than the East Atlantic Marker (EAM – LEAMT00) to reflect the increase in output from the US and its increased flows to Latin America. The calculation for the netforward would be GCM plus freight to arrive at the DES Brazil assessment, which is basis Salvador de Bahia. The delivery window reflected in the DES Brazil assessment would change as part of this proposal to mirror the delivery windows reflected in other DES assessments. In other words, the month reflected would roll on the 16^th of the month, or nearest business day after the 16^th, to the following whole month. An example to illustrate this: from February 16 – March 15 the DES Brazil assessment would reflect April deliveries; from March 16 – April 15 the assessment would reflect May deliveries. Platts invites all questions and feedback to LNGeditorialteam@spglobal.com and pricegroup@spglobal.com by March 29, 2019. 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.