Platts to update global LNG Bunker assessment specifications

Platts, part of S&P Global Commodity Insights, will update the specifications reflected in its daily global LNG Bunker assessments, effective Aug. 29.

The changes have been made in line with industry feedback and observed trading patterns, and are as follows:

Quality: For Rotterdam LNG Bunkers, Barcelona LNG Bunkers and East China LNG bunkers, Platts will reflect bunker fuel quality as defined by the International Organization for Standardization in document ISO 23306: 2020, which defines relevant parameters for LNG used as a marine fuel. As such, Platts will introduce for these assessments a minimum Methane Number of 75, following the Propane Knock Index (PKI) method. The quality specification will not apply to the Singapore LNG Bunker, US Southeast Coast LNG Bunker, and Rotterdam Bio-LNG Bunker assessments.

Volume: For Singapore LNG Bunkers and East China LNG Bunkers, Platts will increase the minimum volume reflected in the assessments from 1,000 cu m to 2,000 cu m. Volume specifications for the other assessments will remain the same.

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

Platts first proposed the changes July 1 in a subscriber note available here .

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 Platts for public viewing.