SUBSCRIBER NOTE: Platts extends Middle East M2 LPG differentials review

Platts has extended a review of plans to discontinue its assessments of physical market premiums for refrigerated propane and butane cargoes loading in the Middle East LPG market in the second month ahead. Platts initially proposed ending these assessments on December 20, 2013. Platts now proposed to end the assessments with effect from September 1, 2014, and invites further comments on the proposal. Platts will continue to assess spot premiums for the month ahead, and the spot market, which is 20-40 days ahead. All premiums reflect the spot value of refrigerated LPG cargoes versus the Saudi Aramco contract price that prevails for the loading period. Platts has been assessing second-month propane and butane cash differentials since December 2002. Since that time, spot market activity revolving around the second month forward has dropped, and trading in far-forward cargoes is no longer typical in the Persian Gulf. These assessments are currently published on Platts Global Alert, LP Gaswire and in the Platts price assessment database under symbols AALAM00 (refrigerated propane M2 cash differential) and AALAN00 (refrigerated butane M2 cash differential). Please send comments and questions by July 31 to asia_products@platts.com and pricegroup@platts.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.