The LNG deal between Taiwan’s CPC and Woodside for the supply of 6 million mt LNG over 10 years between 2024 and 2034 has hybrid pricing and includes JKM in the pricing consideration for the deal’s early years, sources told S&P Global Commodity Insights.
JKM is the Liquefied Natural Gas (LNG) benchmark price assessment for spot physical cargoes. JKM reflects the spot market value of cargoes delivered ex-ship (DES) into Japan, South Korea, China and Taiwan. Deliveries into these locations equate to the majority of global LNG demand.
Read the full article on spglobal.com: CPC’s LNG deal with Woodside includes JKM in pricing formula for at least 2 years
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