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
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| Consultation Period | Product | Subject | Conclusion | Changes Implemented |
|---|---|---|---|---|
| 25th April 2024 - 30th May 2024 | LNG Freight & LNG Cargo | Annual Open Consultation | No changes made | N/A |
| 17th July 2023 - 17th October 2023 | LNG Freight | LNG Freight: Impact of EU ETS | Impact of EU ETS Conclusion | 23rd October 2023 |
| 26th July 2023 - 6th September 2023 | LNG Cargo | Publication Frequency and Cargo Specifications | Publication Frequency and Cargo Specifications Outcome | 18th September 2023 |
| 17th July - 31st July 2023 | LNG Freight | 2 Stroke Premium Assessment | 2 Stroke Premium Assessment Outcome | 1st August 2023 |
| 15th November - 30th November 2022 | LNG Freight Spot | Annual Open Consultation | No changes made | N/A |
| 1st September - 30th September 2022 | LNG Freight Spot | 174 Boil Off Rate Consultation Extension | Vessel Type and Boil Off Consultation Outcome | 1st Jan 2024 |
| 12th July - 23rd August 2022 | LNG Freight Spot | Vessel Type and Boil Off Consultation | Extended | N/A |
| 8th November - 3 December 2021 | LNG Freight Spot | LNG Fuel Reference Price and Publication Schedule | LNG Fuel Reference Price and Publication Schedule - Response | 4th Jan 2022 (Ref Price) and 4th April 2022 (Daily Publication) |
| 6th September - 1st October 2021 | LNG Freight Spot | Annual Open Consultation | No changes made | N/A |
| Date | Product | Subject | Changes Implemented |
|---|---|---|---|
| 27th September 2024 (updated 21st November 2024) | LNG Freight, LNG Cargo | Improvement to Netbacks calculations and historical data | 30th September 2024, 14th October 2024, 21st October 2024 & 21st November 2024 |
| 7th November 2024 | LNG Freight | Curve Extension for Spark25FFA and Spark30FFA | 2nd December 2024 |
| 27th August 2024 | LNG Freight, LNG Cargo | Discharge volume and hire cost for $/MMBtu calculations updated | 27th August 2024 |
| 27th March 2024 | LNG Freight | Spot 160 TFDE $/day assessment frequency moved from weekly to daily | 27th March 2024 |
| 25th March 2024 | LNG Cargo | Curve extension for LNG DES Basis Financial | 27th March 2024 |
| 27th October 2023 | LNG Freight | Curve extension for Spark25FFA and Spark30FFA | 1st November 2023 |
| 15th May 2023 | European DES LNG | Curve extension for LNG DES Basis Financial | 31st May 2023 |
| 16th January 2023 | LNG Freight | Curve extension for Spark25FFA and Spark30FFA | 1st February 2023 |