Platts proposes to update global LNG Bunker assessment specifications Aug 15

Platts, part of S&P Global Commodity Insights, is proposing to update the specifications reflected in its daily global LNG Bunker assessments, effective Aug. 15.

The proposals have been made in line with industry feedback and observed trading patterns.

The proposed changes are as follows:

Quality: For Rotterdam LNG Bunkers, Barcelona LNG Bunkers and East China LNG bunkers, Platts is proposing to reflect bunker fuel quality as defined by the International Organization for Standardization in document ISO 23306: 2020, which defines relevant parameters for LNG used as a marine fuel. As such, Platts is proposing to introduce for these assessments a minimum Methane Number of 75, following the Propane Knock Index (PKI) method. The proposed quality specification would not apply to the Singapore LNG Bunker, US Southeast Coast LNG Bunker, and Rotterdam Bio-LNG Bunker assessments.

Volume: For Singapore LNG Bunkers and East China LNG Bunkers, Platts is proposing to increase the minimum volume reflected in the assessments from 1,000 cu m to 2,000 cu m. Volume specifications for other assessments would remain the same.

Platts may continue to consider bids, offers, and trades outside of the standard terms for publication, and these may be subject to normalization for price assessments.

Furthermore, Platts would like to invite feedback on the current delivery timing and volume specifications of its US Southeast Coast LNG Bunker and Rotterdam Bio-LNG Bunker assessments.

Please send feedback and questions to LNGeditorialteam@spglobal.com and pricegroup@spglobal.com by July 18.

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