SUBSCRIBER NOTE: Platts to add FOB Murmansk LNG netback

S&P Global Platts will add an LNG FOB Murmansk netback assessment as well as a freight route cost from Murmansk to Zeebrugge from November 1, 2019.

Platts would calculate the FOB Murmansk netback using a new freight route cost from Murmansk to Zeebrugge and Platts existing delivered ex-ship (DES) Northwest Europe (NWE) LNG assessment.

The voyage length for the Murmansk-Zeebrugge route would be four days one-way. The assumed loadport cost would be $130,000. The bunker fuel basis for this route would be Antwerp.

The specification of the modern conventional TFDE vessel (including consumption, capacity and boil-off) are as follows: Vessel capacity: 155,000-180,000 cu m standardized to 165,000 cu m Consumption: 100mt fuel oil-equivalent per day at 17 knots Boil-off: 0.12%/day while laden, 0.09% while ballasting

The rest of the vessel specifications and assumptions will be as per existing methodology. The new FOB Murmansk and Murmansk-Zeebrugge assessments would be published in Platts LNG Daily and on the Platts Natural Gas Alert (NGA) page 1025, from November 1, 2019.

Please send feedback, questions 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.