Argus launches fob Trinidad LNG prices

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Oct 15, 2012, 11:36 ET

LONDON, Oct. 15, 2012 /PRNewswire/ -- Leading energy and commodities reporting organisation Argus has expanded its suite of global liquefied natural gas (LNG) prices to include the Americas with the launch of Trinidad and Tobago fob (free on board) price assessments. The launch is in response to growing spot trade of LNG from Trinidad and Tobago to an ever increasing range of destinations.

The new fob price assessments are designed to capture LNG trade from Trinidad and Tobago. They cover cargoes loading in two forward half-month periods — the second and third full half-month periods from the date of assessment. Argus' Trinidad and Tobago market coverage complements the Argus LNG Daily report's existing suite of Asia-Pacific, west African and European spot price assessments, market commentary and global netback pricing.

"Trinidad and Tobago is no longer just a supplier to its traditional term contract buyers such as the US and Spain," Argus Media chairman and chief executive Adrian Binks said. "We have seen Trinidadian deliveries arriving in areas as diverse as northeast Asia, China, India, the Middle East, southern Europe, northwest Europe and South America over the last 18 months. Trinidad and Tobago fob prices will be a key tool in valuing the growing global LNG trading complex."

The Argus LNG Daily report provides spot price assessments for Asia-Pacific, the Middle East, west Africa and Europe, information about shipping movements, market-related news and analysis. The report has been carefully designed to provide global LNG market participants with the critical insights and key LNG statistics and data needed to stay ahead of market developments, as well as to help shape commercial strategies.

About Argus Media
Argus is an independent media organisation with more than 450 staff. It is headquartered in London and has offices in each of the world's principal energy centres. Its main activities comprise publishing market reports containing price assessments and commentary, and business intelligence reports that analyse market and industry trends.

More than half of Argus' staff are commodity journalists who specialise in reporting news and price information relating to physical energy and related commodity markets. They operate according to a rigorous Editorial Code of Conduct and an Ethics Policy that align with best journalistic practice, including the avoidance of conflicts of interest.

Argus is a leading provider of price assessments, business intelligence, market data, consultancy services and conferences on the global crude, oil products, natural gas, electricity, coal, emissions, bioenergy, fertilizer, petrochemical and transportation industries. Data provided by Argus are widely used by companies and taxation authorities for indexation of physical trade. Companies, governments and international agencies use Argus information for analysis and planning purposes.

Argus has 19 offices globally, including London, Houston, Washington, New York, Calgary, Rio de Janeiro, Singapore, Dubai, Beijing, Tokyo, Sydney, Moscow, Astana and other key centres of the energy industry. Argus was founded in 1970 and is a privately held UK-registered company.