Platts proposes to add Plaquemines to North American LNG feedgas cost assessments

Platts, part of S&P Global Commodity Insights, is proposing to update its daily North American LNG feedgas cost assessments to include Plaquemines in Louisiana, effective May 20, 2025.

Platts North American LNG feedgas cost assessments currently reflect indicative facility feedgas costs for seven major liquefaction facilities: Calcasieu Pass, Sabine Pass LNG, Corpus Christi LNG, Cove Point LNG, Cameron LNG, Freeport LNG, and Elba Island.

Following the startup of production at Venture Global LNG's Plaquemines in December 2024, which has boosted US LNG feedgas demand, Platts would add Plaquemines as the eighth US LNG export facility in its North American LNG feedgas cost assessments.

In line with the other US LNG export facilities, proportional flow data and transport costs from S&P Global Commodity Insights would be used to create a volume-weighted average using the following Platts gas indices for Plaquemines -- Texas Eastern, ELA (IGBBS00), and Tennessee, La., 500 leg (IGBBP00).

However, Plaquemines would not be incorporated into the daily computation of the Average US LNG Feedgas Cost (ALNFG00) and Average USGC LNG Feedgas Cost (ALNFH00) until further notice.

Further details on the North American feedgas model can be found here:

https://www.spglobal.com/commodityinsights/PlattsContent/_assets/_files/en/our-methodology/methodology-specifications/global_lng.pdf.

Please send feedback and questions to LNGeditorialteam@spglobal.com and pricegroup@spglobal.com by April 10, 2025.

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.