Platts proposes to include Pengerang Terminal 5 in Singapore jet fuel/kerosene MOC from Feb 7, 2022

S&P Global Platts is proposing to include Dialog Terminals Pengerang 5 as a loading point in the Singapore Market on Close assessment process for jet fuel/kerosene from Feb. 7, 2022.

Under the proposal, sellers in the MOC process would be able to nominate Pengerang Terminal 5 as a loading point for jet fuel/kerosene cargoes traded on a FOB Straits basis. Delivery of oil from Pengerang Terminal 5 would be subject to the performance and nomination requirements prevailing in the FOB Straits markets.

Located at Pengerang in Malaysia's southern Johor state, the terminal is owned and operated by Dialog Terminals Pengerang (5) Sdn Bhd. DTP5SB is a 90:10 joint venture between Dialog Terminals Sdn Bhd and Johor state-owned Permodalan Darul Ta'zim Sdn Bhd. The first phase of the terminal (Phase 3A) has a capacity of 430,000 cu m and three berths, with berth 6304 having a maximum vessel draft of 18.8 meters, actual maximum dredge level of 20.3 m, and being able to accommodate a partially laden VLCC.

Platts uses the Singapore MOC process to assess the value of oil across Asia and the Middle East. The benchmark FOB Singapore price assessments reflect FOB Straits bids, offers and trades, wherein the seller may nominate cargoes for loadings from approved terminals in Singapore and Malaysia.

The list of Straits terminals reflected in the FOB Singapore MOC process is published in the Asia Pacific And Middle East Refined Oil Products guide at https://www.spglobal.com/platts/en/our-methodology/methodology-specifications/oil/asia-pacific-and-middle-east-refined-oil-products.

Please send any feedback or questions to asia_products@spglobal.com and pricegroup@spglobal.com by Dec. 17, 2021.

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