Platts proposes to add Algeciras to list of ports considered in the FOB Med 10 ppm gasoline cargo assessment

Platts, part of S&P Global Energy, proposes to expand the list of ports reflected in the Platts Market on Close assessment process for FOB Mediterranean 10 ppm gasoline cargoes (AAWZA00), effective May 20, to include Algeciras in Spain.

Following market feedback, Platts understands that Algeciras is an active production hub in the Mediterranean where a range of market participants operate. Refineries in these locations are known exporters in the region.

Platts is proposing to publish bids, offers, and trades for gasoline cargoes loading FOB Algeciras in the MOC, in addition to the ports currently reflected. The assessment reflects cargoes loading FOB basis Santa Panagia Bay 10-25 days from the date of publication, with value normalized to reflect the mean value of the delivery period.

Loadings taking place in other Mediterranean locations may be considered in the MOC, and normalized back to reflect the value basis Santa Panagia Bay.

Platts currently publishes bids and offers for the following locations in the Mediterranean :

Croatia: Rijeka

Cyprus: VTT Vasiliko

Greece: Aspropyrgos, Thessaloniki, Agioi Theodoroi

Italy: Augusta, Falconara, Genoa, Milazzo, Santa Panagia Bay, Sarroch

Malta: Malta

Morocco: Tangier Med

Spain: Barcelona, Castellon, Tarragona, Cartagena

Please send any comments or questions by April 21 to PL_LightendsEurope@spglobal.com, europe_products@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.