Platts clarifies guidelines on Gorgon and Wheatstone LNG port nominations in its LNG MOC process

Platts, part of S&P Global Commodity Insights, would like to clarify that with immediate effect, it will not publish offers with loading port nominated as Australia's Gorgon or Wheatstone LNG, via the Platts LNG Market on Close assessment process, until further notice.

Sellers should also not nominate Gorgon or Wheatstone LNG either as base loading port when expressing interest to trade a bid in the MOC process or as an alternative loading port following a trade reported via the MOC process.

Platts would like to remind market participants that those who are intending to sell should not offer when there is a known and distinct possibility that loading or delivery may be delayed.

This follows further developments in Australia of imminent industrial action regarding these LNG projects, with a firm date having been provided for commencement of disruption at the terminals.

For more details on guidelines regarding expectations of MOC trade performance, refer to: /content/dam/spglobal/ci/en/documents/platts/en/our-methodology/methodology-specifications/Platts-Assessments-Methodology-Guide.pdf

Please send all feedback and comments 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.