SINGAPORE, Jan. 12 /PRNewswire/ -- Platts, the world's leading energy information provider, today announced it has begun publishing the first daily price points for liquefied natural gas (LNG) imported to India and exported from Australia and the Middle East, the world's largest LNG producing region. These new price points follow on the success of Platts' Japan/Korea Marker (JKM) and expand Platts' suite of LNG prices to four key locations in Asia.

With the launch of JKM in February 2009, Platts became the first energy information provider to publish daily spot prices for LNG. Platts JKM is used by industry participants as a leading indicator for spot Asian LNG prices.

"The LNG market is one of the most dynamic and fastest-growing markets in the world, evolving as new players enter the market and trading patterns shift," said Jonty Rushforth, Platts senior Asia LNG editor. "With the new price points, Platts is now covering the largest LNG producing and consuming regions in the world, as well as the up-and-coming areas that will define the future development of the market."

The just-launched LNG price references are:


    --  Platts LNG FOB Middle East, which provides a value for cargoes coming
        from Ras Laffan in Qatar and Das Island in Abu Dhabi, represents an open
        market end-of-day trading price.
    --  Platts LNG FOB Australia, which provides a value for cargoes loaded out
        of Barrow Island and heading to north Asia, is calculated using Platts
        JKM and subtracting freight.
    --  Platts LNG DES (delivered-ex-ship) West India, which provides a value
        for cargoes delivered into Hazira or Dahej, coming from the Arab Gulf,
        is based on Platts' new LNG FOB Middle East with freight added.

In addition to the three new LNG price points, Platts also began publishing this week a daily assessment of the spot charter rate for LNG vessels to help underpin freight calculations. This assessment is known as the Asia-Pacific Day Rate or APDR.

The price references are the result of nearly a year of consultation with energy ministry officials, producers, consumers, trading entities, and transportation and other petroleum industry experts.

"Countries in North America, South America and Europe often compete with Asian countries for LNG supplies, so the new price data should help producers, consumers and traders of natural gas and LNG throughout the world," said Michael Rieke, managing editor of Platts' LNG Daily.

The new price points will be published in Platts LNG Daily, the first-ever daily news publication for the global LNG industry; Platts LNG TraderNet, a customizable interactive web-based market intelligence & information tool; as well as Natural Gas Alert and other Platts real-time information services.

The Platts LNG price assessments employ Platts' time-tested methodology that is based on the principle that price is a function of time, resulting in an end-of-trading-day daily price assessment.

Platts, which publishes more than 8,500 energy and metals price references daily, has been reporting on and assessing natural gas prices for decades. It currently maintains the world's longest-dated database of daily price history for the commodity.

For more information on LNG and natural gas, visit the Platts website.

About Platts: Platts, a division of The McGraw-Hill Companies (NYSE: MHP), is a leading global provider of energy and commodities information. With a century of business experience, Platts serves customers across more than 150 countries. An independent provider, Platts serves the oil, natural gas, electricity, emissions, nuclear power, coal, petrochemical, shipping, and metals markets from 17 offices worldwide. Platts' real-time news, pricing, analytical services and conferences help markets operate with transparency and efficiency. Traders, risk managers, analysts, and industry leaders depend upon Platts to help them make better trading and investment decisions. Additional information is available at http://www.platts.com.

About The McGraw-Hill Companies:

Founded in 1888, The McGraw-Hill Companies (NYSE: MHP) is a leading global information services provider meeting worldwide needs in the financial services, education and business information markets through leading brands such as Standard & Poor's, McGraw-Hill Education, Platts, Capital IQ, J.D. Power and Associates, McGraw-Hill Construction and Aviation Week. The Corporation has more than 280 offices in 40 countries. Sales in 2008 were $6.4 billion. Additional information is available at www.mcgraw-hill.com.

SOURCE Platts