Platts LNG WIM definition

Platts LNG WIM for any month shall be equal to the value of DES West India up to three (3) decimal places published under the category “Previous month average” below the heading “Daily Cumulative Averages and Monthly Averages” [Platts Code AAWIC03] in United States Dollar (“USD”) per MMBTU on GCV basis under the S&P Global Platts LNG Daily available for the last publication day of the month immediately preceding to the month during which Sales Gas shall be delivered. For example, the Platts LNG WIM for the month of February 2023 can be referred to in the Platts LNG Daily Report dated 31st January 2023 under “Previous month average”;
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Platts LNG WIM for any month shall be equal to the value of DES West India up to three
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Examples of Platts LNG WIM in a sentence

  • For example, the Platts LNG WIM for the month of April 2021 can be referred to in the Platts LNG Daily Report dated 31st March 2020 under “Previous month average”.

  • The sale price will be lower of Platts LNG WIM + 1.0 or a premium over 16.67 per cent average Brent crude oil price.

  • For example, the Platts LNG WIM for the month of April 2024 can be referred to in the Platts LNG Daily Report dated 31st March 2024 under “Previous month average”; For avoidance of doubt, if calculated sales Gas price is less than Floor Price then the Floor price shall apply.

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