S&P Global Platts is proposing to change the standard nomination deadline for the substitution of a delivery port within the same country for cargoes reflected in the JKM benchmark for the Asia Pacific LNG Market on Close (MOC) price assessment process, with effect from Dec. 16, 2021.
Under this proposal, buyers have the option to substitute a delivery port within the same country up to 15 days before the first day of the traded delivery window, subject to ship shore compatibility study (SSCS). The existing standard allows buyers to substitute a delivery port within the same country up to 20 days before the first day of the traded delivery window, subject to SSCS.
Platts would continue to publish bids, offers and trades with varying delivery port nomination deadlines within the same country, and these would be subject to normalization.
This proposal reflects data published during the MOC process, as well informal market feedback which show a change in the standard nomination deadline for same-country port substitutions. Please send all feedback, comments and questions to email@example.com and firstname.lastname@example.org by Oct. 11, 2021.
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.