Refined Products, Crude Oil, LNG, Fuel Oil

September 25, 2023

Platts to change standard LNG cargo volume considered in Gulf Coast Marker (GCM)

Platts, part of S&P Global Commodity Insights, will update the cargo quantity reflected in its daily Platts Gulf Coast Marker (GCM) LNG price assessments, effective Nov. 1.

The changes are in line with industry feedback and observed changes in trading patterns and norms.

This decision follows a subscriber note published Aug. 30 here(opens in a new tab).

The standard LNG cargo quantity for Platts GCM will be 3.7 TBtu, plus/minus 2% operational tolerance, compared to the current standard LNG cargo quantity of 3.5 TBtu, plus/minus 2% operational tolerance.

The affected assessments are:

Assessment Symbol Mavg
LNG FOB GCM spot cargo Mo01 LGCSM01 LGGCM31
LNG FOB GCM spot cargo Cumulative Moving Average LGGCN00
LNG FOB GCM Month of Loading Cumulative Avg LGCSM00 LGCSM31
LNG FOB GCM vs. Dated Brent LGMDB00 LGMDB03
LNG FOB US Gulf Coast Cargo Mo01 vs Dutch TTF Mo01 $/MMBtu LNTFG00 LNTFG03
LNG FOB GCM vs Henry Hub London 16:30 LGMHM01 LGMGM31
LNG FOB GCM vs JKM Spore 16:30 LGMJM01 LGMJM31
LNG FOB GCM vs NBP London 16:30 LGMNM01 LGMNM31
LNG FOB Gulf Coast Marker vs DES Northwest Europe LGEUR00 LGEUR03
LNG FOB Gulf Coast Marker vs DES Mediterranean LGMET00 LGMET03
LNG FOB GCM vs USGC 3%S Fuel Oil LGMFO00 LGMFO03

Please send all comments, feedback and questions 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.