Platts clarifies standard nomination deadlines in JKM LNG MOC process

Platts, part of S&P Global Commodity Insights, wishes to clarify the standard nomination deadline for bids, offers and trades for cargoes reflected in the JKM benchmark for the Asia Pacific LNG Market on Close assessment process.

Platts considers bids, offers and trades with nomination of a one-day final delivery window, final delivery country -- and a specific disport within that country, final load port, cargo quantity from a quantity range and final LNG vessel 30 days prior to the initial delivery window as the standard.

Platts continues to publish bids, offers and trades with nomination of final delivery country -- and a specific disport within that country, final load port, cargo quantity from a quantity range and final LNG vessel 30 days prior to the final delivery window, but may normalize them to the above standards in its price assessment process.

For the avoidance of doubt, the standard nomination deadline for the final disport within the same country remains at 15 days before the final delivery window, subject to ship shore compatibility study (SSCS), as communicated via a subscriber note available here: https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/100323-platts-clarifies-standard-deadline-for-same-country-delivery-port-nominations-in-jkm-lng-moc(opens in a new tab)

For bids, offers and trades reported via the eWindow communication tool, market participants should state clearly in the TQC field if the nomination would be made up to 30 days before the final 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 make comments not marked as confidential available upon request.