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 Period Product Subject Conclusion Changes Implemented
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 Sept 2023
17th July - 31st July 2023 LNG Freight 2 Stroke Premium Assessment 2 Stroke Premium Assessment Outcome 1st Aug 2023
15th Nov - 30th Nov 2022 LNG Freight Spot Annual Open Consultation No changes made N/A
1st Sept - 30th Sept 2022 LNG Freight Spot 174 Boil Off Rate Consultation Extension Vessel Type and Boil Off Consultation Outcome 1st Jan 2024
12th July - 23rd Aug 2022 LNG Freight Spot Vessel Type and Boil Off Consultation Extended N/A
8th Nov - 3 Dec 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 Sept - 1st Oct 2021 LNG Freight Spot Annual Open Consultation No changes made N/A

Circulars

Date Product Subject Changes Implemented
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