Platts JKM™ is the LNG (Liquefied Natural Gas) benchmark price for spot physical cargoes. It is referenced in spot deals, tenders and short-, medium- and long-term contracts both in Northeast Asia and globally. The basis of Platts JKM™ is spot cargoes delivered ex-ship into Japan and South Korea, two of the world's largest LNG importers. Deliveries to China and Taiwan are also reflected in Platts JKM.
Platts LNG GCM reflects bids, offers and transactions on an FOB U.S. basis, normalized to the U.S. Gulf Coast, and expressed USD per British thermal units (MMBtu). Customers have expressed a desire to see an active derivative market based on the U.S. Gulf coast market dynamics. GCM forward curves provide a logical settlement price to ICE which will facilitate the development of such a contract.
Clients need to subscribe to the LF market data category as a pre-requisite for DLF. Customers can access the new DLF category by FTP or as part of the PGA Data add-on service. This is also available from our channel partners and through the API. Contact email@example.com
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