Platts updates factor to convert LNG to $/GJ in LNG bunker assessments

Platts, part of S&P Global Commodity Insights, has updated the factor to convert LNG $/MMbtu to $/GJ in LNG bunker assessments to 1.055056, effective April 24.

The update is aligned with the conversion factor used in other Platts assessments, and ensures the most accurate conversion rates are applied.

The update affects the following codes, which previously used a 1.055 conversion rate:

CVLNS00 - LNG Bunker Singapore Price by Calorific Value $/GJ

CVLNR00 - LNG Bunker Rotterdam Price by Calorific Value $/GJ

The price series, expressed in $/GJ, are calculated by dividing the base $/MMBtu LNG prices in their respective regions by 1.055056.

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