Platts changes standard deadline for same-country delivery port nominations in JKM LNG MOC from Dec 16

S&P Global Platts has changed the standard nomination deadline for the substitution of a delivery port within the same country for cargoes reflected in the JKM benchmark for the Asia Pacific LNG Platts Market on Close assessment process, with effect from Dec. 16, 2021.

Buyers will have the option to substitute a delivery port within the same country up to 15 days before the first day of the traded delivery window, subject to ship shore compatibility study (SSCS).

Previously, buyers had the option to substitute a delivery port within the same country up to 20 days before the first day of the traded delivery window, subject to SSCS.

Platts first proposed the change in a subscriber note published Sept. 10, 2021: https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/091021-platts-proposes-change-in-standard-deadline-for-same-country-delivery-port-nominations-in-jkm-lng-moc

Platts will continue to publish bids, offers and trades with varying delivery port nomination deadlines within the same country, and these would be subject to normalization.

This change reflects data published during the MOC process, as well as market feedback that shows a change in the standard nomination deadline for same-country port substitutions.

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 will make comments not marked as confidential available upon request.