June 13, 2018 / 9:18 AM / 11 days ago

Price agency Platts receives 1st transparent bid in LNG pricing process

SINGAPORE, June 13 (Reuters) - Commodity pricing agency S&P Global Platts has received its first transparent bid for liquefied natural gas (LNG) in its pricing process on Wednesday, a senior company official told Reuters.

Commodity trader Trafigura placed a bid for a physical cargo of LNG to be delivered into Tianjin in China over Aug. 22 to 25 at $10.50 per million British thermal units (mmBtu), Platts said in a published note to the LNG industry.

Reporting by Jessica Jaganathan; Editing by Tom Hogue

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