SUBSCRIBER NOTE: Platts launches Yen conversion of JKM

Effective October 17, Platts has launched a daily Japanese Yen conversion of the Platts Japan Korea Marker LNG assessment to complement its Asia LNG pricing coverage.

The assessment will be made at Asian market close 1630 SGT, and follow the Singapore Holiday schedule.

Platts publishes the JKM assessment in $/MMBtu, which represents the average of the two half-month cycles which comprise the first full month of delivery. Only the headline number will be converted into Japanese Yen.

The conversion will be calculated on a daily basis using a currency exchange rate (symbol AAWFX00) published daily on working days in Singapore.

The addition of yen-converted JKM is to reflect regulatory changes taking place in Japan's domestic gas and power markets and to enhance the usability of JKM within the Japanese market by facilitating the calculation of spark spreads.

The yen conversion will be published on page NG1020 of Platts Natural Gas Alert, in the LNG Daily newsletter and on the Platts LNG Navigator.

The daily assessment can be found in the Platts price database under symbol code AAOVR00. The monthly average assessment can be found under symbol code AAOVR03.

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