10 year anniversary: Platts JKM, the first daily LNG spot price assessment
S&P Global Platts launched the first daily LNG spot price assessment, Platts JKM™, on February 2nd, 2009. 10 years on from the launch of JKM, the market has changed beyond recognition and the pace of its evolution has accelerated significantly in the last year.
Since its launch in 2009, Platts JKM has been reflecting the supply and demand dynamics of physical LNG cargos delivered into North Asia, the world’s largest LNG importing region. Market participants have welcomed the recent and successful introduction of the Market on Close (MOC) process for LNG, which enhances price transparency by allowing participants to demonstrate value.