Platts to exclude Russian-origin material from European LPG assessments effective Sept. 1, 2022

Effective Sept. 1, 2022, Platts will no longer reflect Russian-origin product in its open-origin European assessments of LPG.

The decision by Platts, part of S&P Global Commodity Insights, follows a review into the continued inclusion of Russian-origin material in its European assessments for gasoline, jet fuel and LPG as announced in a subscriber note published June 22 and reachable at: https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/062222-platts-seeks-feedback-on-russian-product-in-european-gasoline-lpg-jet-fuel-assessments

Platts assessments reflect the value at which a standard, repeatable transaction for merchantable material takes place, or could take place, in the open spot market at arm's length.

Feedback gathered from the market, as well as observed market activity in recent weeks, has shown a significant move away from Russian-origin material in the spot market. Furthermore, Platts has observed that Russian material does not constitute a typical flow and significant portion of supply European balances of LPG.

This affects the following assessments:

Please send any feedback, questions or comments to europe_products@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.