Platts clarifies nomination guidelines for prompt cargoes in Atlantic LNG MOC

Platts, part of S&P Global Commodity Insights, is clarifying that its Atlantic LNG price assessments reflect nomination deadlines in line with Platts editorial guidelines and standard market practices.

For any cargo whose delivery or loading date is prompter than Platts standard nomination deadlines, Platts considers it standard that nominations would be provided at trade confirmation.

For example, in an offer for a DES Europe cargo whose delivery window is prompter than 20 days ahead, the seller would ask for the nomination of the discharge port from the buyer at trade confirmation.

The seller should provide the LNG vessel name and the named load port within the offer.

In a bid for a DES Europe cargo whose delivery window is prompter than 20 days ahead, the buyer would ask for the nomination of the vessel and the load port from the seller at trade confirmation.

The buyer should also provide the final discharge port and provide the final delivery window within the bid.

The Atlantic LNG MOC process considers information for Platts DES Northwest Europe (NWE), DES Mediterranean (MED) and FOB Gulf Coast Marker (GCM) price assessments.

Platts continues to consider for publication bids and offers with varying nomination deadlines in the Atlantic LNG MOC process and would normalize them to the standard.

For a full list of Platts standard nomination deadlines, please consult the methodology document here: https://www.spglobal.com/commodityinsights/PlattsContent/_assets/_files/en/our-methodology/methodology-specifications/global_lng.pdf.

Please send all feedback, comments or 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 to the public upon request.