Platts launches Barcelona LNG bunker assessment

Platts, part of S&P Global Commodity Insights, has launched a new daily LNG bunker fuel price assessment, reflecting the value of LNG used as a marine fuel in Barcelona, Spain, effective Aug. 16.

The new assessment reflects the prevailing spot price of LNG bunkers tradeable in Barcelona.

Loadings in other ports within Iberian Peninsula and Southern France may also be considered and normalized to a Barcelona basis.

The assessment reflects barge-to-ship delivery less than 15 days ahead with a standard volume of 2,000 cu m.

Pricing information for LNG deliveries with other specifications and terms may be normalized to these standards.

The new assessment is published on a fixed price delivered basis in $/MMBtu.

A conversion to $/metric ton of LNG is also published from the MMBtu assessment using a factor of 52.

Platts may convert floating prices, or index-linked prices, to a fixed price equivalent for consideration in the final assessment.

The assessment reflects market value at the close of London trade at 4:30 pm UK time and follows the UK publishing schedule.

The assessment is published in Platts LNG Daily, Bunkerwire and Platts LNG Alert pages LNG0860 and LNG0861 under the following price database codes:

Assessment Code

LNG Bunker Barcelona $/MMBtu LNBBA00

LNG Bunker Barcelona $/MMBtu MAvg LNBBA03

LNG Bunker Barcelona $/mt LNBBB00

LNG Bunker Barcelona $/mt MAvg LNBBB03

Platts decided to launch the assessments on July 12 in a subscriber note available here: https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/071223-platts-to-launch-barcelona-lng-bunker-assessment-aug-16, following a proposal on June 23, in a subscriber note available here: https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/062323-platts-proposes-west-mediterranean-lng-bunkers-assessment.

Please send feedback, comments and questions to lngeditorialteam@spglobal.com and pricegroup@spglobal.com.

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