July 12, 2023

Platts to launch Barcelona LNG bunker assessment Aug. 16

Platts, part of S&P Global Commodity Insights, will launch a daily LNG bunker fuel price assessment, reflecting the value of LNG used as a marine fuel in Barcelona, Spain, effective Aug. 16.

The assessment was first proposed June 23 in a subscriber note here: https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/062323-platts-proposes-west-mediterranean-lng-bunkers-assessment.

The new assessment will be published on a fixed price delivered basis in $/MMBtu, and will reflect the prevailing spot price of LNG bunkers tradeable in Barcelona.

Loadings in other ports within Iberian Peninsula and Southern France would also be considered and normalized to a Barcelona basis.

The assessment will reflect barge-to-ship delivery.

Platts will also take into consideration truck-to-ship price information and normalize where appropriate to a barge-to-ship equivalent price.

The assessment would be for bunker deliveries less than 15 days ahead, reflecting a standard volume of 2,000 cu m, with other sizes normalized to this base volume.

Pricing information for LNG deliveries with other specifications and terms may be normalized to the proposed standard.

The new assessment will be published on a fixed price delivered basis in $/MMBtu. A conversion to $/metric ton of LNG will also be published from the MMBtu assessment using a factor of 52.

Platts will convert floating prices, or index-linked prices, to a fixed price equivalent for consideration in the final assessment.

The assessments will reflect market value at the close of London trade at 4:30 pm UK time, and will follow the UK publishing schedule.

Platts invites feedback on all of the above. The new assessments will be published in Platts LNG Alert pages, LNG Daily and Bunkerwire.

Please send feedback and 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 S&P Global for public viewing.