Platts corrects JKM Rationale, Exclusions for Nov 19

Platts, part of S&P Global Commodity Insights, has corrected the Asia LNG JKM Rationale and Exclusions for Nov. 19.

The rationale should read as follows:

Platts assessed the January JKM at $14.781/MMBtu and the JKM Balmo-ND derivatives at $14.76/MMBtu Nov. 19.

Platts assessed first-half January at $14.777/MMBtu, or at a premium of 1.7 cents/MMBtu to the JKM Balmo-ND derivatives, and H2 January at $14.784/MMBtu, or at a premiuim of 2.4 cents/MMBtu to the JKM Balmo-ND derivatives, based on market indications.

During the physical Platts Market on Close assessment process Nov. 19, Trafigura sold a 3.4 TBtu cargo for Jan. 15-17 delivery to BP at flat to JKM Balmo-ND, which equated to $14.76/MMBtu. The value for Jan. 16 was assessed at $14.795/MMBtu, after consideration of market price movements toward the Asian close.

Platts assessed the value for Jan. 8 at $14.78/MMBtu, in consideration of prevailing market structure reflected by intraday values.

During the derivative MOC Nov. 19, Vitol reported a standing bid at $14.75/MMBtu that stood through the extension. JKM Balmo-ND derivatives were assessed at $14.76/MMBtu, above the standing bid.

For JKM January derivatives, Dare reported the most competitive bid and offer at $14.68/MMBtu and $14.90/MMBtu, respectively. JKM January derivatives were assessed at $14.73/MMBtu, between the most competitive bid and offer.

For JKM February derivatives, DGI reported a standing bid at $14.75/MMBtu. JKM February derivatives were assessed at $14.76/MMBtu, above the standing bid.

Platts is part of S&P Global Commodity Insights.

Exclusions: No market data was excluded from the assessment.

This rationale applies to symbol(s) <AAOVQ00>

The rationale appears in LNG Daily, as well as fixed pages LNG0814 and PGN1023.