SUBSCRIBER NOTE: Platts to launch LNG DES Brazil netforward

Platts proposes launching a netforward value to reflect the price of LNG imported into Brazil effective October 1, 2015. Platts has observed over a period of time that Brazil is a regular buyer of LNG cargoes used to augment its electricity production during periods when hydropower is insufficient to meet its electricity demand. The value achieved for these cargoes on a DES basis matches the prevailing value of LNG cargoes in the East Atlantic plus a freight element.

Platts is proposing to publish on a daily basis the value of LNG on a DES Salvador de Bahia basis, based on the existing Platts East Atlantic Marker (EAM) plus the freight to Salvador de Bahia, Brazil.

The netforward value will be published in US dollar per million British thermal units ($/MMBtu) each London business day, corresponding with the EAM, in the LNG Daily publication and Platts Natural Gas Alert

In addition Platts will publish a number of corresponding price comparisons for relevant markets and competing fuels.

Please submit any comments to jonathan.robinson@platts.com and LNG@platts.com by September 1, 2015. 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.