Platts to change standard vessel size range for Gulf Coast Marker LNG, vessel nomination for global LNG cargo assessments

Platts, part of S&P Global Commodity Insights, will change the standard vessel size range reflected in its daily Gulf Coast Marker (GCM) LNG cargo assessment and vessel nomination process reflected in its daily global LNG cargo price assessments, effective Jan. 16, 2024.

Platts first proposed the changes Nov. 21 via a subscriber note available here: https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/112123-platts-proposes-changes-in-standard-vessel-size-ranges-and-vessel-nomination-for-global-lng-cargo-assessments

Following extensive data analysis and market feedback, for its GCM cargo assessments, Platts will change the standard LNG vessel size range to 150,000-185,000 cu m, from the current range of 135,000-175,000 cu m.

For offers reported as part of the Platts LNG Market on Close (MOC) price assessment processes, Platts will only reflect those with a base vessel already stated in the offers for delivered-ex-ship (DES) markets, as opposed to the current standard, whereby sellers are not required to nominate a base vessel if the delivery window is not within a given number of days ahead of the publication date.

For the existing JKM, WIM, SEAM, NWE, MED cargo assessments and the new EMM cargo assessment, to be launched Dec. 20, Platts will review market feedback before proposing updated standard vessel size ranges via a separate subscriber note.

Please send feedback and questions 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.