Platts to modify DES West India LNG assessment

Following industry consultation, Platts is modifying the methodology for the daily spot DES West India assessment for LNG delivered at Hazira or Dahej terminals from the current net forward calculation which applies a freight cost addition to the FOB Middle East (FOB ME) assessments to a stand alone DES West India assessment based on the market on close methodology.

The modification comes on the back of increased activity in the DES West India market.

The amended DES West India assessment will be published each business day starting August 1, 2011 and reflect market values prevailing at the close of Asian markets, typically 4:30 p.m. Singapore time / 5:30 p.m. Japan/Korea time, and a standard cargo size of 125,000-155,000 cu m.

The spot DES West India assessment will match the pricing period of the Platts JKM assessment.

Please send feedback and comments to Hong Chou Hui at chou_hui_hong@platts.com and cc: pricegroup@platts.com.