Platts to publish Mukran LNG terminal nomination in DES NWE LNG MOC process

Platts, part of S&P Global Commodity Insights, will publish the Mukran LNG terminal in Germany as a discharge port nomination reflected in its Market on Close assessment process for DES Northwest Europe LNG Marker (NWE), effective Oct. 1.

The addition reflects changing trade practices around flexibility provided for cargoes delivered into the NWE region.

Platts has received feedback indicating that Mukran's utilization rate and accessibility via key shipping routes align it with the region's hub-based trading practices. As the terminal with the highest utilization rate in the second quarter, Mukran received 37% of Germany's total LNG imports of 2.03 million mt.

Following this change, Platts NWE assessment will continue to reflect as its standard -- deliveries into Bilbao, Brunsbuttel, Dragon LNG, Dunkirk, Eemshaven, Gate LNG, Isle of Grain, Montoir, Mugardos, South Hook, Wilhelmshaven, and Zeebrugge, with the buyer to nominate a base delivery port at least 30 days prior to delivery. However, bids and offers for deliveries into Mukran may also be considered for publication via the MOC process, and these may be subject to normalization. The buyer would also retain the option to substitute the discharge port, latest by 15 days prior, subject to ship-shore compatibility studies.

Other specifications in the NWE benchmark will remain unchanged.

Platts may continue to consider bids, offers, and trades outside of the standard specifications for publication, and these may be subject to normalization for price assessments.

Please send feedback and questions to LNGeditorialteam@spglobal.com and pricegroup@spglobal.com.

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