SUBSCRIBER NOTE: Platts clarifies FOB Middle East LNG methodology

Platts would like to clarify that the daily spot assessments of LNG under the FOB Middle East (FOB ME) is a netback assessment from the published daily assessed DES West India LNG price.

The quote became a netback calculation in August 2012 when the DES West India assessment (which had been a netforward from FOB Middle East) market emerged as the more liquid market and incremental cargoes from the Middle East dried up as a result of the Fukushima incident.

The netback assessment reflects standard 135,000-175,000 cu m cargoes, for loading 25-45 days forward from the date of publication, from the ports of Das Island in Abu Dhabi and Ras Laffan in Qatar.

Further details of assessment methodology can be found on platts.com. Please send all queries and feedback to LNG@platts.com