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 December 2024 can be referred to in the Platts LNG Daily Report dated 30th November 2024 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

  • Sales Gas Price on monthly basis in USD/ MMBTU (on GCV basis) rounded to 3 decimals shall be calculated as: Platts LNG WIM + P “P” = ……… USD/MMBTU as per the final price bid of the Buyer at which the gas volumes were awarded in Jaya Gas e-Bidding.

  • Sales Gas Price on monthly basis in USD/ MMBTU (on GCV basis) rounded to 3 decimals shall be calculated as: Platts LNG WIM + P “P” = ……… USD/MMBTU as per the final price bid of the Buyer at which the gas volumes were awarded in RJ Gas E-Bidding.

  • Sales Gas Price on monthly basis in USD/ MMBTU (on GCV basis) rounded to 3 decimals shall be calculated as: Platts LNG WIM + P “P” = ……… USD/MMBTU as per the final Bid against Price basis of the Buyer at which the gas volumes were awarded in CB Gas e-Bidding.

  • Sales Gas Price on monthly basis in USD/ MMBTU (on GCV basis) rounded to 3 decimals shall be calculated as: Platts LNG WIM + P “P” = ……… USD/MMBTU as per the final Bid against Price basis of the Buyer at which the gas volumes were awarded in CB Gas E-Bidding.

  • 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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