Platts proposes to launch LNG-based Brazil inland natural gas assessments Jan. 9, 2023

Platts, part of S&P Global Commodity Insights, is proposing to publish daily LNG-based natural gas assessments reflecting the value of inland natural gas delivered to end-users in the northeast and southeast of Brazil, effective Jan. 9, 2023.

This follows market feedback on a need for additional transparency around delivered natural gas prices following energy reforms in Brazil, especially considering new infrastructure that is being built within Brazil and to service gas shipments to the country.

The proposed assessments -- one for natural gas delivered to the ultimate end-user in the northeast, one in the southeast and one that is the average of both regions -- would be calculated using the daily Platts DES Brazil LNG assessment (LEBMH01) as the basis for LNG delivered into Salvador, Bahia in the northeast, and into Rio de Janeiro in the southeast after accounting for additional sea freight.

Inputs once onshore would include regasification, port fees, storage, pipeline transportation and distribution costs. Shipping-related costs would be included, while non-shipping related taxes would be excluded.

The proposed assessments would be published on a fixed price basis in $/MMBtu, and would reflect market value at 4:30 pm London time. Platts would also publish these assessments as a differential to Platts JKM. These assessments would follow the UK publishing schedule.

The calculations would be periodically reviewed to ensure the inputs reflect prevailing market dynamics.

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