Asia LNG Platts Market on Close incrementability changes for Oct. 7

For the Market on Close assessment process on Oct. 7, 2021, S&P Global Platts is changing the incrementability guidelines to allow bids and offers for Asia LNG physical to improve by up to 5 cents/MMBtu every 1 minute, as opposed to the usual 5 cents/MMBtu every 2 minutes.

The incrementability guidelines for Asia LNG derivatives will also change to allow for bids and offers to improve by up to 10 cents/MMBtu every 30 seconds, as opposed to the usual 5 cents/MMBtu every 1 minute.

These changes reflect the current volatility in the market due to price movements in the European gas market.

Platts reserves the right to change incrementability guidelines in the MOC process throughout the day depending on evolving market conditions.

These changes apply to the Oct. 7 MOC process for the Platts JKM, WIM and MEM assessments.

Please send all feedback, comments and questions to lngeditorialteam@spglobal.com and pricegroup@spglobal.com.