Japan exchange launches new LNG contracts

For illustration only (Image courtesy of Tokyo Electric)

Japan OTC Exchange, a unit of Tokyo Commodity Exchange, has launched the new liquefied natural gas (LNG) contracts on its new OTC trading platform.

“The newly launched contracts include physical and cash settled swap contracts to be settled against the DES Japan/Korea Marker (JKM), assessed and published by S&P Global Platts, the benchmark price for LNG in Asia,” Tocom said in a statement on Monday.

In addition, and as agreed in the memorandum of understanding between Platts and Tocom signed in November last year, the transactions of the new contracts could be used as part of Platts’ JKM assessment process where data is in line with Platts existing methodology and prioritization processes, the statement said.

“Tocom is committed to developing these markets to enhance the convenience of Asian LNG market and to facilitate price discovery,” it added.

Share this article

Follow LNG World News

Events>

<< May 2018 >>
MTWTFSS
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

The 27th World Gas Conference (WGC 2018)

The 27th World Gas Conference (WGC 2018) will be the largest, most timely and most significant global gas conference and exhibition ever held.

read more >

CWC LNG Fuels Summit – Marine| Road Transportation| Industrial

The CWC LNG Fuels Summit has now firmly established itself as the number one event on LNG Fuels…

read more >

Gas Shipping Americas

Informa presents Gas Shipping Americas – a two-day conference dedicated to gas shipping for the American market…

read more >

4th Annual Upstream West Africa Summit 2018

In June 2018, Senegal will play host to the No.1 Annual B2B Upstream Oil & Gas event, which will bring together the senior decision makers from across the prolific West Africa region to discuss the trends and challenges currently facing the Oil and Gas industry.

Since the discovery by Tullow Oil in 2007 of the Jubilee Field in Ghana, the Upstream sector has refocused its efforts to explore similar plays around the entire West and North West African coast. These efforts were rewarded with Cairn Energy’s prolific discovery in 2014 followed by Kosmos’ in 2015. The West Africa region has the industry’s spotlight firmly focused on further unlocking the potential of this largely underexplored region.

Companies that will be looking toward further unlocking the deepwater hydrocarbon potential of West Africa include: PETROSEN, BP, Kosmos Energy, Cairn Energy, FAR, Total E&P, Premier Oil, Shell, Tullow Oil along with the Ministries and key solution providers.

 More info

read more >