Platts clarifies extension period guidelines for Asia LNG MOC derivatives process

Platts, part of S&P Global Energy would like to clarify that as part of its timing and increments guidelines, an extension period ensures the repeatability of a rebid or reoffer, following a trade reported near the 4:30 pm Singapore time close for the Asia LNG derivatives Plats Market on Close assessment process, is tested in the market at large.

An extension state of the MOC is triggered by a rebid or reoffer following a trade or a change in price to a standing bid or offer between 4:29:40 pm and 4:30 pm Singapore time for Asia LNG derivatives.

As such, a rebid or reoffer published after the 4:30 pm market close would not be considered in the assessment process.

The extension period lasts for one minute until 4:31 pm Singapore time for the Asia LNG derivatives MOC. Platts assessments are designed to reflect repeatable market value at the close of the assessment process.

Guidelines for the publication of bids and offers in the MOC are available in the Platts LNG Timing and Increment Guide, available here.

Please send all comments, feedback 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.