Platts to change basis & delivery window of DES Brazil LNG assessment

S&P Global Platts will change the freight netforward basis for its delivered-ex-ship (DES) Brazil LNG assessment to the US Gulf Coast from the East Atlantic, effective June 3, 2019.

Platts will make the Gulf Coast Marker (GCM – LGCSM01) the basis of the netforward, rather than the East Atlantic Marker (EAM – LEAMT00) to reflect the increase in output from the US and its increased flows to Latin America.

The calculation for the netforward will be GCM plus freight to arrive at the DES Brazil assessment, which is basis Salvador de Bahia. This comes on the back of a proposal note published March 7, 2019.

Also from June 3, 2019 the delivery window reflected in the DES Brazil assessment will change to mirror the delivery windows reflected in other Platts DES LNG assessments. In other words, the month reflected would roll on the 16th of the month, or nearest business day after the 16th, to the following whole month.

An example to illustrate this: from February 16 – March 15 the DES Brazil assessment will reflect April deliveries; from March 16 – April 15 the assessment will reflect May deliveries.

Platts invites all questions and feedback to to LNGeditorialteam@spglobal.com and pricegroup@spglobal.com .

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.