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Platts Middle East Marker (MEM) LNG Price Assessment: Natural Gas Price Assessments

What is the Middle East Marker (MEM)?

Platts Middle East Marker (MEM), a price assessment reflecting the daily import value of LNG delivered into the Middle East, and reflects bids, offers and transactions, normalized to the port of Ain Sukhna in Egypt, and expressed in U.S.$/million British thermal units (MMBtu).

Previously known as a region for its LNG exports, the rapid growth in demand from emerging demand centers within the Middle East and Pakistan has attracted volumes from a wide variety of destinations, with much of the activity done on a spot basis. Trader activity in the region has further supported liquidity with trading parties more willing to take on the price and credit risk associated with new buyers creating cargo churn. Cargoes into Egypt have come from as far afield as the US and Australia, while the region’s imports have tripled in volume over the past two years.

As a result, the Platts Middle East Marker (MEM) was launched in order to accurately represent the value of spot activity in the region in consultation with the LNG industry.

Growth in Middle East LNG uptake

The Platts MEM complements an existing suite of global LNG price references serving the US Gulf Coast, Australia, West India, Brazil, FOB east Atlantic, Southwest and Northwest Europe. It also serves to complement Asia’s LNG benchmark Platts JKM ™, the world's first independent daily LNG price assessment which has been adopted by the industry and is used in the settlement of LNG derivatives via JKM swaps.

Platts Middle East Marker alongside our other LNG price references, are published in Platts LNG Daily; the first daily independent news publication for the global LNG industry, and Platts LNG Navigator, a fully customizable analysis and data platform.

How do we assess Platts MEM?

See Less   Platts: minus
The Platts MEM reflects the daily tradable value of a spot LNG cargo delivered into the Middle East within the assessed delivery period, based on trades, bids/offers, indications of price and in the absence of liquidity, where a spot transaction would have concluded.

The prices are assessed at London market close (16:30 GMT) and reflects cargoes delivered on a standard ship size as defined in Platts LNG methodology.

During the daily price discovery process, Platts surveys as wide a cross-section of the market as possible, including traders, producers, end-users, the shipping market and brokers. Platts keeps in constant contact with market participants through the telephone, electronic means like instant messaging and email as well as in direct face-to-face meetings.

Information pertaining to current shipping costs, supply/demand fundamentals, terminal maintenance, tender issues, shipping and cargo movements and weather are also taken into consideration during the assessment process.

Any bids, offers or trades gathered during the assessment process are published through real time services such as Platts Natural Gas Alert and Platts LNG Navigator.


How do you access MEM LNG price?

The MEM LNG market price assessment can be accessed in the following Platts services.

Market Price Data – Natural Gas

  • Access the latest, most accurate natural gas price data, including our end-of-day assessments, corrections, third-party data, and a rolling 45-day historical database
  • Receive our industry-standard benchmark assessments data in the most efficient and reliable way
  • Customize your data with historical data sets

Natural Gas Alert

  • Get a complete picture of the global natural gas market, delivered in real time
  • Access Platts' spot and forwards market assessments as soon as they become availablet
  • See detailed market commentary, news, and fundamental market data, delivered throughout the day

LNG Daily

  • Get a daily PDF with the JKM™ and other price assessments for the global LNG market
  • Read gas and LNG news, market commentary, analysis and futures prices, all in one place
  • Learn about developments in the global market, from new LNG supply projects to gas quality issues



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