SUBSCRIBER NOTE: Platts to introduce delivered monthly averages of LNG assessments

Following industry feedback, Platts will introduce new monthly averages and daily cumulative monthly averages for its key price assessments on November 16, including the following DES assessments: JKM, JKM yen conversion, West India, Northwest Europe and Southwest Europe; and the following FOB assessments: East Atlantic Marker, Gulf Coast Marker.

Platts currently publishes the monthly average of the daily assessments during the calendar month (assessments completed January 1-31 are averaged to arrive at the January monthly average) whereas new averages will reflect the period of loading or delivery.

For example, for DES assessments the new monthly averages for August will reflect an average of assessments for cargoes to be delivered in the month of August (assessed June 16-July 15); For FOB assessments the new monthly averages for August will reflect an average of assessments for cargoes to be loaded in the month of August (assessed July 1-31).

The new averages will allow for easier computation of averages for settlement of physical and financial contracts and for customers who use Platts LNG products to mark-to-market their positions.

Platts continues to invite any comments or feedback to LNGeditorialteam@spglobal.com and copied to pricemethodology@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.