16 Mar 2022 | 11:11 UTC

S&P Global launches US LNG bunker assessment

S&P Global Commodity Insights has launched 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 is published on a fixed price delivered basis in $/MMBtu, and reflects the prevailing spot price of LNG bunkers transacted on the US southeast coast, with the basis port being Jacksonville, Florida.

S&P Global 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 reflects barge-to-ship delivery with a volume of up to 5,000 cu m. Platts will also take into consideration truck-to-ship trades and normalize where appropriate to a barge-to-ship equivalent price.

S&P Global will convert floating prices, or index-linked prices, to a fixed price for consideration in the final, fixed-price assessment.

S&P Global has also started publishing 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 uses a factor of 38.643 as its basis.

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

The new assessments are published in Platts LNG Alert pages 0860 and 0861, Platts Natural Gas Alert pages 0860 and 0861, LNG Daily and Bunkerwire under the following price database codes:

Assessments Codes

LNG Bunker US SE Coast $/MMBtu LNGCA00

LNG Bunker US SE Coast $/MMBtu MAvg LNGCA03

LNG Bunker US SE Coast $/mt (LNG) LNGCL00

LNG Bunker US SE Coast $/mt (LNG) MAvg LNGCL03

LNG Bunker US SE Coast $/mt (Oil) LNGCO00

LNG Bunker US SE Coast $/mt (Oil) MAvg LNGCO03

Please send feedback and questions to LNGeditorialteam@spglobal.com and pricegroup@spglobal.com.

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