Platts Asia LNG derivatives Market on Close incrementability changes

Effective immediately, March 3, 2026, Platts, part of S&P Energy, is changing the incrementability guidelines to allow bids and offers for Asia LNG derivatives to improve by up to 5 cents/MMBtu every 10 seconds, until further notice.

This is as opposed to the current 5 cents/MMBtu every 20 seconds. On the other hand, the incrementability guidelines for Asia LNG physical will remain the same.

The temporary change for Asia LNG derivatives reflects the current volatility in the market due to vessel transit issues via the Strait of Hormuz.

The standard timing and increments for the APAC MOC process can be found here: https://www.spglobal.com/content/dam/spglobal/ci/en/documents/platts/en/our-methodology/methodology-specifications/lng/lng-timing-specifications.pdf

Platts reserves the right to change incrementability guidelines in the MOC process throughout the day depending on evolving market conditions.

These changes apply to the Platts JKM, WIM, SEAM and MEM assessments.

On Feb. 27, Platts had proposed changes to change the time cut-off for submission of bids and offers, as well as timing and increments guidelines, effective April 16. The deadline for feedback to this proposal remains as March 15.

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.