Platts extends feedback period for proposal to reduce West Africa Gasoline FOB NWE sulfur limit to 150 ppm

Platts, part of S&P Global Commodity Insights, is extending the feedback period for its proposal to reduce the maximum sulfur limit reflected in its West Africa Gasoline FOB Northwest Europe cargoes assessment (AAKUV00) to 150 ppm, following market feedback. Platts is extending the feedback period for this proposal to Dec. 2, 2024, and is pushing back the proposed implementation date to Jan. 2, 2025.

Platts first proposed the change on Sept. 2 in a subscriber note available here: https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/090224-platts-proposes-to-reduce-west-africa-gasoline-fob-nwe-sulfur-limit-to-150-ppm, following market feedback that the Nigerian gasoline import specification has been lowered progressively from a maximum of 500 ppm sulfur to a maximum of 150 ppm.

The assessment, which is on an FOB Amsterdam basis, with bids and offers from other locations in Northwest Europe normalized back to Amsterdam, currently reflects gasoline with a maximum sulfur limit of 500 ppm, minimum 91 RON, a maximum RVP of 9 pounds per square inch (PSI) and a density range of 0.75 kg-0.78 kg/l at 15 degrees Celsius.

In its assessment process, Platts may publish bids and offers for other merchantable gasoline grades appropriate for West African delivery and normalize these back to the reference specification.

The Platts West Africa Gasoline CIF West Africa assessment (AGNWC00), which is a freight net-forward from the FOB Northwest Europe assessment, will also reflect a maximum of 150 ppm sulfur following the proposed change.

Please send any comments or questions by Dec. 2, 2024, to europe_products@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.