Platts proposes to add Mukran LNG terminal as a discharge port in DES NWE LNG

Platts, part of S&P Global Commodity Insights, is proposing to add the Mukran LNG terminal in Germany as a discharge port reflected in its Market on Close assessment process for DES Northwest Europe LNG Marker (NWE), effective Sept. 16.

The proposed addition would reflect changing trade practices around flexibility provided for cargoes delivered into the NWE region.

Platts has received feedback indicating that Mukran's utilization rate and accessibility via key shipping routes align it with the region's hub-based trading practices. As the terminal with the highest utilization rate in the second quarter, Mukran received 37% of Germany's total LNG imports of 2.03 million mt.

Following this proposed change, Platts NWE assessment would reflect deliveries into Bilbao, Brunsbuttel, Dragon LNG, Dunkirk, Eemshaven, Gate LNG, Isle of Grain, Montoir, Mugardos, Mukran, South Hook, Wilhelmshaven and Zeebrugge, with the buyer to nominate a base delivery port at least 30 days prior to delivery. The buyer would also retain the option to substitute the discharge port latest by 15 days prior, subject to ship-shore compatibility studies.

Other specifications in the NWE benchmark would remain unchanged.

Platts may continue to consider bids, offers and trades outside of the standard specifications for publication, and these may be subject to normalization for price assessments.

Please send feedback and questions to LNGeditorialteam@spglobal.com and pricegroup@spglobal.com by Aug. 13.

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