Platts corrects Aug. 1 JKM LNG Assessment Rationale

Platts, part of S&P Global Commodity Insights, has corrected the Aug. 1 rationale for the Platts LNG JKM of normalizations applied for minimum vessel sizes.

The rationale should read as follows:

During the physical MOC process, Shell bid for a Sept. 11-15 delivery cargo, at JKM full-month October plus 5 cents/MMBtu, which equated to a fixed price value of $47.46/MMBtu. The value for Sept. 13 was assessed at $47.47/MMBtu, above the bid. Shell also reported a bid for an Oct. 15-19 delivery cargo, at TTF full-month October minus $12.9/MMBtu, which was normalized 10 cents/MMBtu lower on 145,000 cu m vessel size minimum. The bid equated to a fixed price of $46.425/MMBtu.

BP reported a bid for an Oct. 27-31 delivery cargo at TTF full month October minus $12.90/MMBtu. The bid was normalized 5 cents/MMBtu lower on a 140,000 cu m vessel size minimum and 20 cents/MMBtu lower on 3.3 Tbtu quantity to a fixed price equivalent of $46.275/MMBtu.