S&P Global Platts' LNG pricing visibility expanded with SEA-LNG
LONDON's S&P Global Platts and SEA-LNG have announced a new collaboration to improve the visibility of liquefied natural gas (LNG) fuel pricing
13 April 2021 - 19:00
SEA-LNG will display monthly averages of Platts' daily LNG bunker price assessments and fuel oil bunker assessments on its websites.
Upon doing so, the organisations hope to support operator's decision making around fuel choices for their fleet.
'We are excited that our new collaboration with SEA-LNG will add further transparency to the growing LNG bunker spot market,' said APAC LNG at S&P Global Platts managing editor Kenneth Foo.
'Platts provided the world's first daily valuation of LNG bunkers in September 2019. This agreement provides strong validation of the importance of our independent price assessments to markets - allowing shippers and buyers and sellers of LNG to make informed decisions by evaluating Platts' LNG bunker assessments, alongside the value of traditional marine fuel bunkers on SEA-LNG's website,' said Mr Foo.
Said SEA-LNG general manager Steve Esau: 'S&P Global Platts has a long history of facilitating the development of new spot markets. Through this collaboration, we make available additional market data to participants wanting to understand the commercial outlook of LNG as a marine fuel.'
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