Platts proposes to include Dialog Terminals Langsat 3 in Singapore gasoline MOC

Platts, part of S&P Global Commodity Insights, proposes to include Dialog Terminals Langsat 3 as a loading point in its Singapore Market on Close assessment process for gasoline from Aug. 1, 2022.

Under the proposal, sellers in the MOC would be able to nominate DTL3 as a loading point for cargoes traded on an FOB Straits basis. Delivery of oil from DTL3 would be subject to the performance and nomination requirements prevailing in the FOB Straits markets.

Located at Tanjung Langsat in Malaysia's southern Johor state, the terminal is owned and operated by Dialog Terminals Langsat. The terminal has a total storage capacity of 206,730 cu m across 13 tanks. It has seven berths, with berth 1 having a maximum draft of 13.5 meters and able to accommodate up to 120,000 dwt vessel size.

Platts uses the Singapore MOC to assess the value of oil across Asia and the Middle East. The benchmark FOB Singapore price assessments reflect FOB Straits bids, offers and trades, where the seller may nominate cargoes for loadings from approved terminals in Singapore, Malaysia and Indonesia.

The list of Straits terminals reflected in the FOB Singapore MOC is published in the Asia Pacific And Middle East Refined Oil Products guide at https://www.spglobal.com/platts/en/our-methodology/methodology-specifications/oil/asia-pacific-and-middle-east-refined-oil-products.

Please send any feedback or questions to asia_products@spglobal.com and pricegroup@spglobal.com by June 20, 2022.

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