Governance and Compliance

Spark is committed to providing customers and stakeholders with robust price assessments, across assets and asset classes, that are free of conflicts of interest and comply with relevant laws, regulations and principles. To that end, we have published certain key documents and policies below, as well as making our assurance report available and providing a history of methodology consultations. Any other queries or questions can be directed to governance@sparkcommodities.com

Open Consultations

None

Previous Consultations

Consultation PeriodProductSubjectConclusionChanges Implemented
25th April 2024 - 30th May 2024LNG Freight & LNG CargoAnnual Open ConsultationNo changes madeN/A
17th July 2023 - 17th October 2023LNG FreightLNG Freight: Impact of EU ETSImpact of EU ETS Conclusion23rd October 2023
26th July 2023 - 6th September 2023LNG CargoPublication Frequency and Cargo SpecificationsPublication Frequency and Cargo Specifications Outcome18th September 2023
17th July - 31st July 2023LNG Freight2 Stroke Premium Assessment2 Stroke Premium Assessment Outcome1st August 2023
15th November - 30th November 2022LNG Freight SpotAnnual Open ConsultationNo changes madeN/A
1st September - 30th September 2022LNG Freight Spot174 Boil Off Rate Consultation ExtensionVessel Type and Boil Off Consultation Outcome1st Jan 2024
12th July - 23rd August 2022LNG Freight SpotVessel Type and Boil Off ConsultationExtendedN/A
8th November - 3 December 2021LNG Freight SpotLNG Fuel Reference Price and Publication ScheduleLNG Fuel Reference Price and Publication Schedule - Response4th Jan 2022 (Ref Price) and 4th April 2022 (Daily Publication)
6th September - 1st October 2021LNG Freight SpotAnnual Open ConsultationNo changes madeN/A

Circulars

DateProductSubjectChanges Implemented
14th January 2025LNG CargoCurve extension for LNG DES Basis Financial20th January 2025
27th September 2024 (updated 21st November 2024)LNG Freight, LNG CargoImprovement to Netbacks calculations and historical data30th September 2024, 14th October 2024, 21st October 2024 & 21st November 2024
7th November 2024LNG FreightCurve Extension for Spark25FFA and Spark30FFA2nd December 2024
27th August 2024LNG Freight, LNG CargoDischarge volume and hire cost for $/MMBtu calculations updated27th August 2024
27th March 2024LNG FreightSpot 160 TFDE $/day assessment frequency moved from weekly to daily27th March 2024
25th March 2024LNG CargoCurve extension for LNG DES Basis Financial27th March 2024
27th October 2023LNG FreightCurve extension for Spark25FFA and Spark30FFA1st November 2023
15th May 2023European DES LNGCurve extension for LNG DES Basis Financial31st May 2023
16th January 2023LNG FreightCurve extension for Spark25FFA and Spark30FFA1st February 2023