Platts proposes to add Italian discharge ports to Atlantic LNG assessments

Platts, part of S&P Global Commodity Insights, is proposing to add Adriatic and Ravenna as discharge ports for its DES East Mediterranean LNG assessment (EMM), and Piombino, Toscana and Panigaglia as discharge ports for its DES Mediterranean LNG assessment (MED), reflected in the Platts Market on Close assessment process, effective Oct. 16, 2024.

The addition would reflect the changing trade practice around flexibility provided for cargoes delivered into the East and West Mediterranean regions, following initial market feedback and Platts analysis of market and trade data.

Following this change, Platts EMM would reflect deliveries into base discharge ports in Turkey, including Aliaga, Dortyol, Etki, Marmara, Ereglisi and Saros. Deliveries into ports in Croatia, Greece and eastern Italian ports of Adriatic and Ravenna may also be considered but may be normalized.

At the same time, Platts MED would reflect deliveries into ports in the Mediterranean, including Spain, Portugal and Southern France as the base discharge ports, while deliveries to western Italian ports including Piombino, Toscana and Panigaglia may also be considered but may be normalized.

Platts would continue to reflect a minimum cargo size of 135,000 cu m and a base volume of 3.3 TBtu plus/minus 3% operational tolerance in both DES Mediterranean and DES East Mediterranean LNG assessments.

The affected assessments appear in LNG Daily, Platts LNG Alert pages 1830, 1831, 1832 and 1833, and Platts Natural Gas Alert pages 1048, 1049, 1083 and 1084.

Please send all comments, feedback and questions to LNGeditorialteam@spglobal.com and pricegroup@spglobal.com by Sept. 9, 2024. For written comments, please provide a clear indication if comments are not intended for publication by Commodity Insights for public viewing. Platts will consider all comments received and will make comments not marked as confidential available upon request.