Platts proposes to launch new price spreads for JKM, WIM, SEAM and TTF assessments

Platts, part of S&P Global Energy, proposes to launch new JKM price differential assessments for the spread between JKM derivatives and other regional cargo and derivatives assessments at the close of Asia-Pacific markets at 4:30 pm Singapore time, effective Aug. 27.

This follows industry feedback regarding the use of JKM derivatives as a key pricing basis for the trading LNG cargoes in different markets within the Asia-Pacific region.

The new assessments include:

• The price difference between the first WIM half-month assessment <LMEAA00> and the JKM derivative assessment <LJKMO01>
• The price difference between the second WIM half-month assessment <LMEAB00> and the JKM derivative assessment <LJKMO01>
• The price difference between the third WIM half-month assessment <LMEAC00> and the JKM derivative assessment <LJKMO01>
• The price difference between the fourth WIM half-month assessment <LMEAD00> and the JKM derivative assessment <LJKMO01>
• The price difference between the fifth WIM half-month assessment <LMEAE00> and the JKM derivative assessment <LJKMO01>
• The price difference between the first SEAM half-month assessment <LNJSA10>and the JKM derivative assessment <LJKMO01>
• The price difference between the second SEAM half-month assessment <LNJSA20> and the JKM derivative assessment <LJKMO01>
• The price difference between the third SEAM half-month assessment <LNJSA30> and the JKM derivative assessment <LJKMO01>
• The price difference between the fourth SEAM half-month assessment <LNJSA40> and the JKM derivative assessment <LJKMO01>

Platts is also proposing to launch new differentials between JKM, WIM and TTF

• The price difference between the front-month WIM derivative assessment <AWIMM01> and the front-month JKM derivative assessment <LJKMO01>
• The price difference between the second-month WIM derivative assessment <AWIMM02> and the second-month JKM derivative assessment <LJKMO02>
• The price difference between the third-month WIM derivative assessment <AWIMM03> and the third-month JKMderivative assessment <LJKMO03>
• The price difference between the front-quarter WIM derivative assessment <AWIMQ01> and the front-quarter JKM derivative assessment <LJKQR01>
• The price difference between the second-quarter WIM derivative assessment <AWIMQ02> and the second-quarter JKM derivative assessment <LJKQR02>
• The price difference between the front-season WIM derivative assessment <AWISN01> and the front-season JKM derivative assessment <LJKSN01>
• The price difference between the second-season WIM derivative assessment <AWISN02> and the second-season JKM derivative assessment <LJKSN02>
• The price difference between the first-year WIM derivative assessment <AWIMY01> and the first-year JKM derivative assessment <LJKYR01>
• The price difference between the second-year WIM derivative assessment <AWIMY02> and the second-year JKM derivative assessment <LJKYR02>
• The price difference between the third-year WIM derivative assessment <AWIMY03> and the third-year JKM derivative assessment <LJKYR03>
• The price difference between the JKM derivative assessment <LJKMO01> and the TTF derivative assessment <DTMSC02>
• The price difference between the WIM physical assessment <AARXS00> and the TTF derivative assessment <DTMSC01>

Full details of the existing Platts Asia-Pacific LNG assessments can be found in the Global LNG Specifications Guide.

Please send all feedback, comments and questions to lngeditorialteam@spglobal.com and pricegroup@spglobal.com.