Platts, part of S&P Global Energy, will expand the list of ports reflected in the Platts Market on Close assessment process for FOB Mediterranean 10 ppm gasoline cargoes (AAWZA00), effective May 20, to include Algeciras in Spain.

Following market feedback, Platts understands that Algeciras is an active production hub in the Mediterranean where a range of market participants operate. Refineries in these locations are known exporters in the region.

Platts will publish bids, offers and trades for gasoline cargoes loading FOB Algeciras in the MOC, in addition to the ports currently reflected. The assessment reflects cargoes loading FOB basis Santa Panagia Bay 10-25 days from the date of publication, with value normalized to reflect the mean value of the delivery period.

Loadings taking place in other Mediterranean locations may be considered in the MOC, and normalized back to reflect the value basis Santa Panagia Bay.
Platts currently publishes bids and offers for the following locations in the Mediterranean:
• Croatia: Rijeka
• Cyprus: VTT Vasiliko
• Greece: Aspropyrgos, Thessaloniki, Agioi Theodoroi
• Italy: Augusta, Falconara, Genoa, Milazzo, Santa Panagia Bay, Sarroch
• Malta: Malta
• Morocco: Tangier Med
• Spain: Barcelona, Castellon, Tarragona, Cartagena
Source: Platts