Platts proposes to change assessed period of LNG DES Brazil Netforward marker

S&P Global Platts is proposing to change the assessed period of the LNG DES Brazil Netforward marker, effective June 1, 2021.

This follows from an ongoing Platts proposal to change the loading period for the Gulf Coast Marker, which is used in the derivation of the DES Brazil Netforward. Consequently, this proposal is contingent on the GCM proposal becoming part of Platts methodology.

Details of the proposed changes to the Gulf Coast Marker can be found here: https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/031521-platts-proposes-changing-loading-period-for-lng-gulf-coast-marker.

The DES Brazil Netforward currently reflects cargo delivery either in the third and fourth or fourth and fifth half-month cycles forward from the date of publication.

This proposal would see the netforward assessed using the GCM assessment plus a freight period of 13 days using the assessed freight rate from the US Gulf Coast to Brazil (daily price database code LAUVH00).

Going forward, therefore, the DES Brazil Netforward would represent cargoes being delivered to Brazil 13 days after the GCM loading period, or 43-73 days ahead of the date of publication.

Assessments that would be affected appear in LNG Daily, Platts LNG Alert pages 2820, 2821, Platts Natural Gas Alert pages 1052, 1053 and under the Platts price database codes below:

Assessments Code Monthly average

DES Brazil Netforward Mo01 LEBMH01 LEBMH31

DES Brazil Netforward vs ARA Fuel Oil LAARM01 LAAR003

DES Brazil Netforward vs DES MED LNG LASWM01 LASW003

DES Brazil Netforward vs Dated Brent LADBM01 LADB003

DES Brazil Netforward vs Henry Hub LAHHM01 LAHH003

DES Brazil Netforward vs JKM LAJKM01 LAJK003

DES Brazil Netforward vs NBP LABPM01 LABP003

Please send any questions, comments or feedback to LNGeditorialteam@spglobal.com and pricegroup@spglobal.com by April 15, 2021.

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.