16 Jul 2020 | 19:45 UTC — New York

Platts launches new LNG Gulf Coast Marker (GCM) comparative values on July 16

S&P Global Platts has launched new LNG Gulf Coast Marker (GCM) comparative values from July 16, 2020.

This launch follows on from a decision note published on June 2 and available for review here: www.spglobal.com/platts/en/our-methodology/subscriber-notes/060220-platts-to-update-lng-gulf-coast-marker-gcm-comparative-values-from-july-16.

Platts has made these updates following the recent change to the GCM's publication timestamp on May 16, 2020. Platts now publishes the GCM at 4:30 pm London. Details for the timestamp change are available here: www.spglobal.com/platts/en/our-methodology/subscriber-notes/040120-platts-to-change-the-timestamp-of-its-lng-gulf-coast-marker-gcm.

Platts launched new comparisons for the GCM against the daily spot Northwest Europe (NWE) LNG assessment and daily spot Mediterranean Marker (MED) LNG assessment, in addition to their monthly averages. These assessments will appear in LNG Daily and in the Platts LNG Alert and on the Platts Platform under the following codes: LNG FOB GCM vs MED (LGMET00), LNG FOB GCM vs MED MAvg (LGMET0), LNG FOB USGC vs NWE (LGEUR00) and LNG FOB USGC vs NWE (LGEUR03).

This comes on the back of the increased importance of European LNG import values to both the US export market and to global LNG prices.

Platts has also discontinued the following GCM comparisons on the same date: LNG FOB GCM vs WTI (LGMWT00), LNG FOB GCM vs WTI MAvg (LGMWT03), GCM vs Americas Dated Brent (AGCMA00), and GCM vs Americas Dated Brent MAvg (AGCMA03). These assessments were previously published in LNG Daily as well as on the following fixed pages: LN2810, NG1034, LN2811 and NG1045.

Please send any comments, questions or feedback to lngeditorialteam@spglobal.com and pricegroup@spglobal.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 upon request.