Platts to update LNG Gulf Coast Marker (GCM) comparative values from July 16

S&P Global Platts has decided to update the LNG Gulf Coast Marker (GCM) comparative values it publishes from July 16, 2020.

This decision follows on from a proposal published April 30 and available here: https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/043020-platts-proposes-to-update-list-of-lng-gulf-coast-marker-gcm-comparative-values.

Platts is making these changes following the recent change to GCM publication timestamp on May 16, 2020. Platts now publishes GCM at 4:30 pm London. Details for the timestamp change are available here: www.spglobal.com/platts/en/our-methodology/subscriber-notes/ 040120-platts-to-change-the-timestamp-of-its-lng-gulf-coast-marker-gcm.

Platts will launch new comparisons for the GCM against the daily spot Northwest Europe (NWE) LNG assessment and daily spot Mediterranean Marker (MED) LNG assessment, in addition to their monthly averages on July 16, 2020.

This comes on the back of the increased importance of European LNG import values to both the US export market and to global LNG prices.

Platts will discontinue the following GCM comparisons will take effect on the same date: LNG FOB GCM vs WTI (LGMWT00), LNG FOB GCM vs WTI MAvg (LGMWT03), GCM vs Americas Dated Brent (AGCMA00), and GCM vs Americas Dated Brent MAvg (AGCMA03).

These assessments can be found in LNG Daily as well as on the following fixed pages: LN2810, NG1034, LN2811 and NG1045.

Please send any comments, questions or feedback 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.