SUBSCRIBER NOTE: Platts to launch Pricing Month JKM derivative assessment

S&P Global Platts Platts will launch two Pricing Month JKM LNG assessments of the derivatives month corresponding to the period currently being actively assessed by the physical JKM assessment. The Pricing Month JKM derivative assessment will roll on the first working day after the 15th of each month. For example, on March 16, when the physical JKM is pricing May, the Pricing Month derivative will assess the JKM derivative for May. On April 16, when the physical JKM is pricing June, the Pricing Month derivative assessment will be for the June JKM derivative.

Platts will launch one such derivatives assessment against timestamp of 4:30 pm Singapore time and another against a timestamp of 4:30 pm London time. Both will be launched on April 1, 2019. This comes on the back of a proposal note to launch two balance of the month (BalMo) derivatives assessments, published February 21, 2019.

The Platts Pricing Month JKM derivative assessments would be published each business day and reflect market values prevailing at the close of Asian and European markets. All prices would be quoted in US dollars per million British Thermal Units ($/MMBtu) to three decimal places.

Platts will consider bids, offers and trade information for a minimum of five lots (one lot is equivalent to 10,000 MMBtu) for these assessments, matching the minimum lot size considered in its other JKM derivatives assessments.

Platts invites all questions and feedback to LNGeditorialteam@spglobal.com and pricegroup@spglobal.com. For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available upon request.