SUBSCRIBER NOTE: Platts to launch LNG US Gulf Coast Marker (GCM)

Platts is seeking feedback on a proposal to launch on June 16, 2016, a daily LNG assessment reflecting the value of LNG exported from the US Gulf Coast, on a FOB basis, expressed in US$/MMBtu.

Platts will consider data for assessment purposes which includes but is not limited to: transactions, bids and offers on a FOB US basis normalized to the US Gulf Coast. This may include terminals on the US Atlantic Coast when fully commissioned and reloads. Platts will also consider freight netback values of DES assessments and normalized natural gas hub values at centers of consumption, on the same day, such as Northwest Europe and Northeast Asia.

The freight value used will reflect the most economic route. The assessment will reflect lean and rich gas, shipped in volumes of 135,000-175,000 cu m for delivery of cargoes loading in the second, third and fourth half-month cycles forward from the date of trade. The Platts GCM assessment represents the average of the two half-month cycles which comprise the first full month of loading, which rolls over on the 1st and 16th of each calendar month unless that day is not a business day, in which case it rolls over on the next business day.

Please address any questions or comments by May 6, 2016, to LNGeditorialteam@platts.com and copied to pricemethodology@platts.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.