SUBSCRIBER NOTE: Platts to launch LNG Atlantic FOB marker

Platts confirms following a period of market feedback that it will launch an additional marker to reflect the FOB value of LNG cargoes originating from the East Atlantic on January 2, 2015.

Platts has noted that with growing demand from markets in South America and increased European re-export activity to optimize cargoes arriving in both Southwest and Northwest Europe, the region has become a balancing point for cargoes destined for both the Atlantic and Pacific basins.

The new assessment is to be called the East Atlantic Market (EAM) published under the code/symbol LEAMM01.

The EAM is intended to reflect a transactable value of spot LNG cargoes, freight normalized to a Huelva/Gibraltar loading with a laycan corresponding to the current and front month in half-month increments drawing on volumes originating from the following primary and re-export locations in both Northwest and Southwest Europe including the Mediterranean, including FOB cargoes sold on a ship-to-ship transfer basis.

Production regions will also be included such as Nigeria, Angola, Algeria and Norway.

LNG DES spot transactions, traded in other regions including Middle East and Asia, along with Atlantic delivery to Brazil and Argentina, may be considered in the assessment process when and where appropriate.

The assessment process will be in line with existing Platts LNG methodology.

Please send comments and feedback by December 31 to desmond.wong@platts.com, shelley.kerr@platts.com and pricegroup@platts.com.

For written comments, please provide a clear indication if the comments are not intended for publication by Platts for the public viewing.

Platts will consider all comments received and will make comments not marked as confidential available upon request.