SUBSCRIBER NOTE: Platts proposes to add FOB Murmansk LNG netback

S&P Global Platts is proposing to add an LNG FOB Murmansk netback assessment as well as a freight route cost from Murmansk to Zeebrugge from November 1, 2019.

Platts would calculate the FOB Murmansk netback using a new freight route cost from Murmansk to Zeebrugge and Platts existing delivered ex-ship (DES) Northwest Europe (NWE) LNG assessment.

The voyage length for the Murmansk-Zeebrugge route would be four days one-way. The assumed loadport cost would be $130,000.

Platts is considering to use the following assumptions for the calculation of this freight cost:

Vessel capacity: 173,000 cu m

Boil-off rate: 0.13%/day

Hire rate: Double the average of the Asia Pacific LNG Carrier Day Rate (APDR) and Atlantic LNG Carrier Day Rate (ATDR)

Ballast Rate: 100%.

The bunker fuel basis for this route would be Antwerp.

Platts is seeking feedback on the vessel size, vessel class, load port costs and other assumptions, as the above would differ from the vessel assumptions used for other route costs.

Platts invites feedback from market participants on which is more appropriate for the specific route.

The new FOB Murmansk and Murmansk-Zeebrugge assessments would be published in Platts LNG Daily and on the Platts Natural Gas Alert (NGA).

Platts invites all questions and feedback to LNGeditorialteam@spglobal.com and pricegroup@spglobal.com by August 16, 2019.

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.