LNG
March 27, 2025
Platts proposes changes to Atlantic LNG standard terms
Platts, part of S&P Global Commodity Insights, is proposing to update the standard terms reflected in its daily Northwest Europe Marker (NWE), Mediterranean Marker (MED) and East Mediterranean Marker (EMM) LNG price assessments, effective June 9.
The proposals are in line with industry feedback and observed changes in trading patterns and norms.
The proposed changes to the following terms are as follows:
| Term | Current Standard | Proposed Standard |
| Vessel Size | LNG vessel size range of 135,000-175,000 m3 | LNG vessel size range of 135,000-180 ,000 m3 |
| Operational Tolerance | Plus/minus 3% at the seller's option | Plus/minus 5% at the seller's option |
In addition to the above, Platts would also like to invite feedback on the current standard quantity for NWE, as well as the Delivery Window and Disport nomination deadlines for NWE, MED and EMM.
Quantity (NWE only): a base volume of 3.5 TBtu
Delivery Window: three days long, with the buyer to narrow to one-day delivery window up to 20 days prior to the first day of the initial delivery window.
Disport Nomination: buyer to nominate base delivery port at least 30 days prior to delivery. The buyer should retain the option to substitute discharge port up to 15 days prior, subject to Ship Shore Compatibility Study.
Other standard terms such as GHV specification in Northwest Europe and the Mediterranean, as well as base quantity of 3.3 TBtu in the Mediterranean would remain unchanged.
Platts may continue to consider bids, offers and trades outside of the standard terms for publication, and these may be subject to normalization for price assessments.
Please send feedback and questions to LNGeditorialteam@spglobal.com and pricegroup@spglobal.com by May 2.
For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing.