INFOGRAPHIC: Platts JKM LNG benchmark tracker

Activity within the Platts Market on Close assessment process for Asian LNG has significantly increased since late 2023, coinciding with a period of stabilization in Platts JKM, the benchmark price reflecting LNG delivered to Northeast Asia. This follows a phase of volatile price movements during the Russia-Ukraine conflict, which had substantial impacts on global LNG and gas markets.

Recently, the Asian LNG MOC has attracted a more diverse array of market participants, indicating a wider interest in trading physical cargoes, Platts JKM and Platts WIM (West India Marker) derivatives. Notably, MOC activity often peaks during periods of high gas demand, such as in winter, when the need to optimize trading positions becomes more evident.

Platts is part of S&P Global Energy.

Related content: Asia-Pacific LNG MOC activity jumps 86% YOY, drops 21% MOM amid geopolitical uncertainty (subscriber content)