SUBSCRIBER NOTE: Platts adds FOB Murmansk LNG netback

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

Platts will 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 will be four days one-way. The assumed load port cost will be $130,000. The bunker fuel basis for this route will 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 will be published in Platts LNG Daily, Platts Natural Gas Alert (NGA) page 1025, as well as Platts LNG Alert 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.