SUBSCRIBER NOTE: Platts considers Pengerang Terminal for Singapore MOC

Platts is considering a proposal to reflect deliveries from the Pengerang Terminal in the southern Malaysian state of Johor in its benchmark FOB Singapore assessments for middle distillates and gasoline.

Under Platts methodology, certain approved alternative locations may be used for offers of oil published during the Market on Close assessment process.

The loadpoint must be clearly stated at the time of such an offer being communicated to Platts for publication.

Platts currently reflects loadings from Pasir Gudang, Tanjung Langsat, Tanjung Bin and from certain floating storage units in its FOB Singapore assessment process.

If approved, Pengerang would join those as an alternative delivery location, and be subject to the same performance requirements and normalization processes.

The terminal has six berths, with the largest able to accommodate a VLCC. The new terminal has an initial storage capacity of 1.3 million cubic meters over 25 tanks, though a second stage could add an additional 1 million cu m.

Please send initial comments or questions by March 20 to asia_oilproducts@platts.com and pricegroup@platts.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.