Platts launches new seasonal, calendar year JKM derivative assessments

S&P Global Platts has launched a new seasonal and additional calendar year JKM LNG derivative assessments for two regional timestamps, effective December 16, 2019.

One set of the assessments reflects a timestamp of 4:30 pm Singapore time and the other a timestamp of 4:30 pm London time.

The new seasonal assessments reflect the two seasons beyond the active forward season, or forward-season +1 and forward-season +2, for summer or winter deliveries.

Seasons are defined as follows: Summer = April to September, and Winter = October to March.

The two additional calendar year assessments reflect the two calendar years beyond the active forward calendar year that Platts currently publishes.

The seasonal and calendar year JKM LNG derivative assessments are published each business day and reflect derivatives that settle on the physical JKM assessment.

All prices are published in dollars per million British thermal unit ($/MMBtu) to three decimal places.

Platts will consider bids, offers and trade information for a minimum of five lots (one lot is equivalent to 10,000 MMBtu) for these assessments, matching the minimum lot size considered in its other JKM derivatives assessments.

The seasonal assessment rolls over on the first working day of the new season for the Pricing Month derivative JKM.

For example, on February 17, 2020, Platts will assess the Winter 20 and Summer 21 prices. On August 17, Platts will assess the Summer 21 and Winter 21 prices.

The calendar year assessments roll over on the first business day of the year. For example, the Cal 2020, 2021 and 2022 JKM derivative assessments roll into Cal 2021, 2022 and 2023 on January 2, 2020.

Please send all questions and feedback 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.