OPIS Publishes LNG Spot Price Assessments For The First Time
Leading price reporting agency adds yet another commodity group to its extensive market coverage
GAITHERSBURG, MD (December 20, 2017) — Oil Price Information Service (OPIS) by IHS Markit (Nasdaq: INFO) an internationally-referenced price reporting agency serving the oil, natural gas and biofuels industries, announces the addition of U.S. Gulf Coast FOB LNG Price Assessments to its portfolio of pricing data available to customers throughout the fuel supply chain.
These LNG price assessments represent the prices of liquefied natural gas traded and/or stored in the operational LNG terminals of the U.S. Gulf Coast with the intent of exporting. Currently, this includes Sabine Pass, but other LNG terminals will join the assessments as they come online. Market commentary will accompany the daily LNG price assessments table.
The OPIS U.S Gulf Coast FOB LNG Price Assessments provide four 15-day forward periods of assessments, which include 1-15 days, 16-30 days, 31-45 days and 46-60 days. OPIS publishes two prices for these four periods — an outright price for LNG and a differential value for LNG above four base prices.
The first 15-day period (1-15 days) is based on the OPIS Spot Henry Hub Natural Gas price for next-day delivery, which reflects the natural gas price calculated based on actual transactions. The second 15-day period (16-30 days) is based on the first month of Henry Hub Futures. The third (31-45 days) and fourth (46-60 days) 15-day periods are based on the second month of Henry Hub Futures. Futures will roll forward to the next month on the day before expiry.
The “OPIS U.S. Gulf Coast FOB LNG Price Assessments ($/MMBtu)” prices debuted in the Dec. 20 edition of the OPIS North America LPG Report, and will also appear in the OPIS Natural Gas Price Daily & Bidweek Report. The methodology for the pricing can be found here: https://www.opisnet.com/about/methodology/#ngl-spot-pricing.
About IHS Markit (www.ihsmarkit.com)
IHS Markit (Nasdaq: INFO) is a world leader in critical information, analytics and expertise to forge solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. IHS Markit has more than 50,000 key business and government customers, including 85 percent of the Fortune Global 500 and the world’s leading financial institutions. Headquartered in London, IHS Markit is committed to sustainable, profitable growth.
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About OPIS (www.opisnet.com)
Oil Price Information Service (OPIS) by IHS Markit (Nasdaq: INFO) provides accurate pricing, real-time news and expert analysis across the global fuel supply chain, including the Spot, Wholesale Rack and Retail markets. OPIS enables customers to buy and sell petroleum products with confidence via easy access to transparent data, expert-level customer support, educational events and energy data solutions like Axxis Software and PointLogic Energy.