Following a period of feedback and industry consultation, S&P Global Platts will define the maximum total sulfur and ethane content reflected in its benchmark JKM LNG price assessments, with effect from Oct. 1, 2019.
This change will apply to bids, offers and trades for cargoes being delivered to ports in Japan, South Korea, Taiwan and China published during the Market on Close (MOC) assessment process.
The maximum total sulfur content and ethane content reflected in the Platts JKM specification will be defined as 5 mg/Nm3 and 10%/mol, respectively.
Platts will continue to publish bids, offers and trades with total sulfur or ethane content that deviate from the standard specification, but these should state the maximum limits explicitly.
Bids, offers and trades with total sulfur or ethane content that deviate from the standard specification may be subject to normalization.
Unless a different maximum limit is stated, the assumed maximum limit for total sulfur and ethane will be 5 mg/Nm3 and 10%/mol, respectively, for bids, offers & trades reported in the MOC.
Please send all feedback, comments and questions to LNGeditorialteam@spglobal.com and firstname.lastname@example.org. 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.