Platts proposes launching a netforward value to reflect the price of LNG imported into Brazil effective October 1, 2015. Introduction of this assessment was based on the observation Brazil is a regular buyer of LNG cargoes used to augment its electricity production during periods when hydropower is insufficient to meet its electricity demand.
Platts is proposing to publish on a daily basis the value of LNG on a DES Salvador de Bahia basis, based on the existing Platts East Atlantic Marker (EAM) plus the freight to Salvador de Bahia, Brazil. Consequently, Platts also proposes changing the basis port for its freight route calculations to Brazil from Pecem to Salvador de Bahia
The netforward value will be published in US dollar per million British thermal units ($/MMBtu) each London business day, corresponding with the EAM,in the LNG Daily publication and Platts Natural Gas Alert.
In addition, Platts will publish a number of corresponding price comparisons for relevant markets and competing fuels.
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Effective Date: October 01, 2015