Market advice and estimates of contemporary LNG contract prices has been closed on 18 Feb 2022. It no longer accepts any bids. For further information, you can contact the Australian Competition and Consumer Commission
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Location: Australia
Australian Competition and Consumer Commission
Education & Training
Closed
14 Jan 2022
18 Feb 2022
Not available
Market advice and estimates of contemporary LNG contract prices
The ACCC seeks estimates of contemporary LNG prices for medium term LNG contracts on a 6-monthly basis. These estimates must be expressed as a percentage, or slope, of Brent oil prices, and must be able to be applied against Brent oil futures to derive estimates of forward LNG prices for LNG sold into the Asian LNG market. These forward LNG prices will be used to calculate LNG netback prices (by deducting LNG freight rate estimates and other relevant costs).
In estimating contemporary LNG prices, the supplier will be required to:
The Supplier will be required to provide information on how it has estimated LNG contract prices, and on any market development that provide context or underpin estimated LNG prices.
In particular, the supplier will be required to provide information on:
The supplier will be required to provide:
The supplier will be required to meet with ACCC staff as required over the life of the contract.
No Mandatory Conditions for Participation are specified.
The supplier will deliver two written reports outlining the proposed and agreed methodology for estimating contemporary LNG contract prices/slopes to the ACCC in April and May 2022.
Estimates of contemporary LNG contract prices/slopes, and corresponding written reports, will be delivered in June and December each year from June 2022 to June 2025.
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