SUBSCRIBER NOTE: Platts clarifies netback bases of LNG Gulf Coast Marker

S&P Global Platts wishes to clarify the LNG price assessments considered as the basis for netbacks for its Gulf Coast Marker (GCM) in the absence of relevant Gulf Coast transactional data.

In the absence of relevant transactional data, Platts considers other relevant indications of value when assessing the GCM. These include the relevant day's LNG assessment for Platts JKM, Platts West India assessment, Platts Northwest and Southwest Europe assessments as well as the Middle East Marker when seasonally relevant.

Platts corresponding assessed shipping rates are used to calculate the netback amount to an FOB US Gulf Coast basis, with a timing adjustment made depending on the shipping time from the US Gulf Coast to the relevant consuming market.

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