Platts to add Plaquemines to North American LNG feedgas cost assessments

Platts, part of S&P Global Commodity Insights, will update its daily North American LNG feedgas cost assessments to include Plaquemines in Louisiana, effective June 2.

Plaquemines will also be incorporated into the daily computation of the Average US LNG Feedgas Cost (ALNFG00) and Average USGC LNG Feedgas Cost (ALNFH00) from July 1 as a result.

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 will 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 will be used to create a volume-weighted average using the following Platts Gas Indices for Plaquemines: Texas Eastern, ELA (IGBBS00) and Tennessee, Louisiana, 500 leg (IGBBP00).

Further details on the North American feedgas model can be found here(opens in a new tab).

Platts first proposed the change March 27, in a subscriber note which can be viewed here(opens in a new tab).

Platts subsequently extended the proposal April 14, in a subscriber note here(opens in a new tab).

Please send feedback and questions 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.