Platts launches delivered Rotterdam Subsidized Bio-LNG bunker fuel assessment and updates carbon intensity value

Platts, part of S&P Global Commodity Insights, has launched a daily Rotterdam subsidised bio-LNG bunker fuel price assessment reflecting the value of spot bio-LNG bunker fuel volumes delivered on a barge-to-ship basis in Rotterdam, effective Sept. 25.

Platts has also updated the carbon intensity (CI) reflected in its existing delivered Rotterdam unsubsidised bio-LNG bunker fuel assessments (BLFAA00, BLFAB00, BLFAC00) from 28 g CO2e/MJ to 21g CO2e/MJ. Material with carbon intensity above or below may be considered for the assessment process, but may be subject to normalization to the above standard specification. This new CI number applies to the new subsidised bio-LNG bunker fuel assessments too.

Platts announced its decision to launch the new subsidised bio-LNG bunker fuel assessment and update the carbon intensity value in a subscriber note published here Aug. 28, following a proposal published Aug. 8.

The new delivered Rotterdam subsidised bio-LNG assessment provides additional transparency to the Northwest European bio-LNG market, following extensive consultation with producers, consumers, traders and others in the European natural gas, LNG and biofuels markets.

FREQUENCY: The Rotterdam subsidised bio-LNG bunker fuel assessment is published each business day and reflects market values prevailing at the close of European markets, 4:30 pm London time.

BASIS AND LOCATION: Platts considers the prevailing tradable values of subsidised bio-LNG bunker fuel in the locations on a barge-to-ship (delivered) basis in Rotterdam. Truck-to-ship (ex-wharf) basis may also be considered for the assessment but may be subject to normalization. The subsidised bio-LNG bunker fuel assessment includes the logistics costs from the terminal to the barge or truck, and charges for delivery direct to the receiving ship.

TIMING: The Rotterdam subsidised bio-LNG bunker fuel assessment is for bunker deliveries 7-30 days ahead.

VOLUME: The assessed volume is for deliveries of 100 mt to 200 mt. Sizes above and below may be normalized for assessment purposes.

UNIT: The assessments are published on an outright basis in $/MMBtu (SBLFA00) and Eur/MWh (SBLFB00) and as a differential, in $/MMBtu (SBLFD00) to the spot LNG Northwest Europe (AASXU00) assessment.

Prices of trucked subsidised bio-LNG and bio-LNG bunkers delivered in ISCC-certified ports across Northwest Europe may be considered and normalized to the above specifications.

In addition, Platts publishes price differentials, in $/MMBtu (SBLFF00) and Eur/MWh (SBLFG00) comparing Rotterdam subsidised bio-LNG bunker fuel against Dutch TTF 1-Mo (GTFWM10) and in $/MMBtu (SBLFK00) and Eur/MWh (SBLFL00) comparing Rotterdam subsidised bio-LNG bunker fuel against Dutch TTF 2-Mo (GTFWM20) respectively.

A conversion to $/mt of LNG ( SBLFC00 ) is also published from the MMBtu assessment using a factor of 52.

The assessment is published in Platts LNG Daily, Bunkerwire and Platts LNG Alert pages LNG0860 and LNG0861.

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