As the global LNG market evolves and pricing becomes more precise, S&P Global Platts is seeking feedback on its proposal to increase the specifics of both the quality and location of Platts JKMTM. JKMTM is the LNG benchmark price for spot physical cargoes referenced in contracts both in northeast Asia and globally. Platts proposes to normalize JKMTM to a gross heating value, or GHV, of 1,075 Btu/scf. In addition, Platts proposes to normalize JKMTM to delivery Tokyo Bay, which is by far Japan's busiest LNG port with large volumes of LNG regasification capacity.
Platts is proposing to implement both of these changes to the current JKMTM methodology from September 18, 2017. Platts continues to invite any comments or feedback to LNGeditorialteam@spglobal.com and copied to firstname.lastname@example.org by July 24, 2017.