Platts clarifies consideration of cross-month delivery window cargoes in APAC LNG MOC

S&P Global Platts wishes to clarify how cargoes with delivery periods that fall across two calendar months are considered in the Asia Pacific LNG Platts Market on Close assessment process.

Platts considers the standard delivery period for delivered ex-ship (DES) cargoes to fall within the same calendar month for bids and offers published during the Asia LNG MOC process.

This clarification follows an analysis of market activity and industry feedback that cargoes with cross-month delivery periods could carry a different value compared to cargoes whose delivery windows fall within a single calendar month.

Therefore, bids for cross-month delivery periods may be subject to normalization when considered in the final assessment price.

The standard delivery period reflected by bids and offers remains typically three to five days long, with the buyer to narrow to a one or two-day delivery window 30 days before the first day of the traded delivery window.

Please send all feedback, comments and questions 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.