Platts proposes change in base loading port nomination for Asia LNG cargo assessments

Platts, part of S&P Global Commodity Insights, is proposing to change the base load port nomination standard published for offers in its daily Asia LNG cargo price assessments, effective Sept. 2.

Under this proposed change, Platts would only publish offers with a base loading port stated explicitly during the Platts Market on Close process. This compares to the current standard, whereby only offers of cargoes for delivery at or less than 45 days from the date of assessment must state a base loading port.

Platts would continue to reflect bids, offers, and trades where sellers have the option to nominate the base loading port, and may substitute the loading port latest by 30 days prior to the first day of the traded delivery window subject to quality specifications reported in the trade.

The proposal applies to the JKM, WIM, MEM and SEAM assessments, and is in line with recent industry practice and feedback.

Please send feedback and questions to LNGeditorialteam@spglobal.com and pricegroup@spglobal.com by July 31.

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing.