Platts to launch LNG Bunker Fuel price assessments

S&P Global Platts will launch LNG Bunker Fuel assessments, reflecting the value of LNG used as a marine fuel, at the ports of Singapore and Rotterdam effective September 2, 2019.

Platts will launch these assessments on the back of an increased build-out in infrastructure and trade of LNG as a marine fuel at these two major bunkering hubs.

Platts will publish these assessments on a flat-price basis in $/MMBtu in Singapore and in Eur/MWh in Rotterdam. In determining the assessment, Platts will consider the prevailing tradable value of LNG bunker fuel at the locations on a truck-to-ship (ex-wharf) or barge-to-ship (delivered) basis.

Platts will assess the differential from the nearest LNG price assessment or netback published by it, publishing the final assessment on a flat-price basis. In Singapore, this would be an FOB Singapore netback from JKM (AAOVQ00); in Rotterdam this would be the spot LNG Northwest Europe (AASXU00) assessment, while other local gas hubs may also be considered as the basis for the Rotterdam assessment. The LNG bunker fuel assessment flat price includes the logistics costs from the terminal to the barge or truck, and charges for delivery direct to the receiving vessel.

Platts will also publish $/mt conversions for both Singapore and Rotterdam LNG Bunker Fuel assessments. These $/mt conversions can be compared to marine fuel oil price assessments at the relevant ports. Platts has been publishing Marine Fuel Oil and Bunker prices at many ports globally for many years.

These assessments will be published in Platts LNG Daily from September 2, 2019.

Platts invites all questions and feedback 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. Platts will consider all comments received and will make comments not marked as confidential available upon request.