Introduction of new products and data sources

S&P Global Platts Launches Daily LNG U.S. Gulf Coast Price Assessment

Houston – June 16, 2016 – S&P Global Platts, the leading independent provider of information and benchmark prices for the commodities and energy markets, today launched the Platts LNG Gulf Coast Marker (GCM), a price assessment reflecting the daily export value of liquefied natural gas (LNG) traded free on board (FOB) from the U.S. Gulf Coast, in the international spot market.

“The LNG market is undergoing a sea change and we’re pleased to remain at the forefront of serving this burgeoning energy sector with independent global and regional price references,” said Shelley Kerr, S&P Global Platts editorial director of LNG. “Our long track record of matching the appropriate price assessment methodology to each commodity based on its characteristics has kept us a must have for the industry’s energy pricing needs.”

The natural gas infrastructure that intersects the United States, Mexico and Canada is the world’s largest and most integrated natural gas market and by 2020, the Americas is expected to be the world’s third largest producer of LNG, behind Australia and Qatar.

“LNG in the Americas is positioned to play a unique role in world markets because of the flexibility it brings to a market otherwise dominated by destination clauses which restrict trade,” said Chris Pedersen, S&P Global Platts North American LNG analyst. “Think of a U.S. LNG terminal as a bridge that is simply charging users a fee to use its infrastructure. The optionality, transparency and freedom of a U.S. LNG cargo are nearly unparalleled in global markets. Therefore, financial markets, traders and others will have real opportunities to participate in this emerging spot market.”

The Platts LNG Gulf Coast Marker reflects bids, offers and transactions on an FOB U.S. basis, normalized to the U.S. Gulf Coast, as determined by buyers and sellers in the open markets and expressed in U.S.$/million British thermal units (MMBtu). The assessment values lean and rich gas cargoes of 135,000-175,000 cubic meters. For full details of the robust methodology, visit this methodology and specifications link.

The launch of this new price reference follows months of consultation with the LNG industry, market participants and other stakeholders and it complements the Asia LNG benchmark Platts JKM, the world’s first independent daily LNG price assessment, and Platts’ broader suite of LNG price references serving the Middle East, Australia, West India, Brazil, and Southwest and Northwest Europe.

In conjunction with the Platts LNG GCM assessment launch, S&P Global Platts also launched a suite of freight route cost assessments reflecting the spot value of freight from the U.S. Gulf to consumer markets worldwide, which will facilitate the calculation of spreads and netback values.

S&P Global Platts LNG price references are published in Platts LNG Daily, the first daily independent news publication for the global LNG industry, and LNG Navigator, a fully customizable analysis and data platform.

Data Sources: Platts


More Articles on Data Vendors

Introduction of new products and data sources EOXLive Active Markets Video Demonstration Now Available

OTC Global Holdings (OTCGH), the leading independent commodities interdealer broker, is pleased to announce the availability of a video demonstration of EOXLive Active Markets. EOXLive includes pre-trade markets and last-traded prices for energy futures and options, leveraging OTCGH’s strong market share ... Read more »

Data Sources: EOX Holdings

Introduction of new products and data sources EPEX SPOT and ECC Successfully Reduce Lead Time on All Intraday Markets

Paris / Leipzig / Bern / Vienna, 16 July 2015. The European Power Exchange EPEX SPOT, together with its clearing house European Commodity Clearing (ECC), have successfully reduced the lead time on all intraday markets as of today. Trading now ... Read more »

Data Sources: EPEX

Introduction of new products and data sources Powernext Publishes the French Residual Mix for 2014

Paris, 6 July 2015. Following a formal request from the Energy and Climate Authority (Direction Générale de l’Energie et du Climat or DGEC) relative to the tracking of renewable energy, Powernext, as the National Registry for electricity guarantees of origin, is ... Read more »

Data Sources: Powernext

Introduction of new products and data sources ZE Adds Argus Spot Ticker Benchmark Data Service

June 1, 2015 – ZE is pleased to announce the addition of select data from the recently developed Argus Spot Ticker. This service targets the needs of the downstream fuels sector by providing pricing transparency to US gasoline, diesel, heating oil, ... Read more »

Data Sources: Argus  |  Effective Date: June 01, 2015

Introduction of new products and data sources ZEMA Adds Electricity, Gas, Wind, Water, Oil, and Petrochemical Assessments in June

For 20 years, ZE PowerGroup Inc. (ZE) has consistently kept up to date on the latest in energy and commodity data changes. ZE collects data spanning oil, natural gas, electricity, weather, agriculture, emissions, and finance. ZE then provides its clients ... Read more »

Introduction of new products and data sources Carbon Market Data Launches the India Greenhouse Gas Reporting Company Database

June 3, 2015 – Carbon Market Data is happy to announce the launch of the India Greenhouse Gas Reporting Company Database. The India GHG Reporting Company Database provides CO2 emissions data as well as power capacity and generation information on around ... Read more »

Data Sources: Carbon Market Data

Potential impact on data SEEPEX Targets Launch of Serbian Day-Ahead Market by End of November 2015

Belgrade / Paris, 24 June 2015. The project partners of the South Eastern European Power Exchange (SEEPEX) target the launch of the Serbian day-ahead market by end of November 2015, subject to successful member testing and regulatory approval. This was ... Read more »

Data Sources: EPEX

Introduction of new products and data sources New Exchange Council Approves Organised Secondary Market for Capacity Guarantees in France

Leipzig / Paris, 11 June 2015 – At its constituent meeting in Leipzig, the Members of the Exchange Council of EPEX SPOT elected Peter Heydecker as their Chairman. They also designated Dr. Michael Redanz from MVV Trading, Mr Andrea Siri ... Read more »

Data Sources: EPEX

Introduction of new products and data sources EEX and EPEX SPOT Approved as Pre-registered RRM

Leipzig / Paris / Copenhagen, 4 June 2015 . European Energy Exchange (EEX) and EPEX SPOT have been approved as pre-registered reporting mechanisms (RRMs) by the Agency for the Cooperation of Energy Regulators (ACER). The authorisation as an RRM is ... Read more »

Data Sources: EPEX

Introduction of new products and data sources Iraq’s New Basrah Heavy to Become Third-Biggest Freely Traded Mideast Gulf Crude Stream

Singapore, 19 May 2015 – Iraq has scheduled a greater-than-expected inaugural amount of exports of its new Basrah Heavy crude grade, which will enable the country to further expand its market share in Asia-Pacific and North America. Iraq is Opec’s ... Read more »

Data Sources: Argus


Page 5 of 37« First...34567...102030...Last »