Platts to update cargo quantity and delivery window for West India Marker (WIM) LNG price assessments

Platts, part of S&P Global Commodity Insights, will update the cargo quantity and delivery window reflected in its daily Platts West India Marker (WIM) LNG price assessments, effective Dec. 18.

The standard LNG cargo quantity for Platts WIM will be 3.3TBtu, plus/minus 5% operational tolerance, changing from the current standard LNG cargo quantity considered for WIM of 3.2TBtu, plus/minus 5% operational tolerance.

The initial delivery window will be three days with the buyer to narrow it to a one-day final delivery window 30 days prior to the first day of the initial delivery window, changing from the current standard considered for WIM of a three-to-five days initial delivery window with the buyer to narrow to a one- or two-day final delivery window 30 days prior to the first day of the traded delivery window.

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

Platts continues to consider publication bids, offers and trades with terms that differ from these standards, but may normalize them to these standards for its price assessment.

The decision follows a subscriber note published Oct. 19 here: https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/101923-platts-proposes-update-to-cargo-quantity-and-delivery-window-for-west-india-marker-wim-lng-price-assessments.

Please send feedback and questions to LNGeditorialteam@spglobal.com and pricegroup@spglobal.com.

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