SUBSCRIBER NOTE: Platts adds new LNG freight cost assessments basis Ain Sukhna

S&P Global Platts has added new freight route costs to the Egyptian port of Ain Sukhna, from loading ports in the existing freight route cost table, published in Platts LNG Daily and on Natural Gas Alert page 1025 from Wednesday, February 1, 2017.

The standard shipping assumptions are aligned with existing methodology for freight route costs as follows: average speed 17 knots, vessel size 155,000-180,000 cu m, fillable volume of 98.5%, fuel oil consumption 100 mt/day of IFO 380 CST and a boil-off gas factor of 0.12% when laden and 0.09% when on ballast.

Heel will be calculated as 0.09% natural boil off while on ballast, multiplied by the number of days of the return leg plus 36 hours.

Basis gas price for boil off and heel will be calculated using the delivered price of LNG, reflected by the Middle East Marker.

Cost of charter will be for the entire voyage, accounting for a round-trip and a three-day loading/delivery time, and dividing that cost by the total delivered cargo in MMBtu.

The bunker fuel basis for these routes will be as the same as the current methodology, dependent on the respective load ports.

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