S&P Global Platts has launched daily prices for West India Marker (WIM) regasified LNG (RLNG) India on both an ex-terminal and delivered basis for various locations, effective Nov. 16, 2020.
The pricing period for the WIM RLNG prices matches that of the WIM assessment (AARXS00). For example, between Nov. 16, 2020, and Dec. 15, 2020, Platts will publish WIM RLNG prices for January 2021.
Daily prices are published in both Indian Rupee/MMBtu and $/MMBtu, using the daily USD/INR (AAFGW00) exchange rate at 4:30 pm Singapore time, and appear on Platts LNG Daily and Liquefied Natural Gas Alert LNG0832.
Ex-terminal prices are published daily for the following five locations and one average and under the following codes:
The ex-terminal prices are calculated using the daily Platts WIM assessment plus the costs of prevailing import duties, re-gasification fees and GST (Goods and Services Tax) on regasification fees, and re-gasification volume loss.
Delivered prices are published daily for the following 11 locations and one average and under the following codes:
Delivered prices are calculated using ex-terminal prices from the nearest terminal as per the existing natural gas pipeline infrastructure, in addition to the transportation tariffs as published by India's Petroleum and Natural Gas Regulatory Board, and GST on transportation fees.
Neither the ex-terminal nor the delivered prices include marketing margin and sales taxes.
Calculations are periodically reviewed to ensure the inputs reflect prevailing market dynamics.
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