Platts clarifies MOC bids must state base discharge port for all Atlantic LNG DES assessments

Platts, part of S&P Global Commodity Insights, would like to clarify that for all Atlantic LNG Delivered Ex-Ship (DES) price assessments, bids submitted for publication during the Platts Market on Close assessment process must be expressed with a specific base discharge port.

The location chosen sets the conditions for any potential counterparty considering trading.

For transactions concluded and reported through the MOC process, buyers should nominate a base discharge port at least 30 days before the first day of the traded delivery window, or at the time of trade confirmation for a prompter delivery window.

Buyers should retain the option to substitute discharge port latest by 15 days prior, subject to SSCS.

The Atlantic LNG DES price assessments are Platts Northwest Europe Marker (NWE), Platts Mediterranean Marker (MED), Platts East Mediterranean Marker (EMM) and Platts DES Brazil.

For further details please refer to the Specifications Guide Global LNG here:

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

Please send all feedback, comments and questions to LNGeditorialteam@spglobal.com and pricegroup@spglobal.com .

For written comments, please provide a clear indication if they are not intended for publication by Platts for public viewing.

Platts will consider all comments received and will make those not marked as confidential available upon request.