SGX sees LNG screen trading next year

Singapore Exchange said in a report on Thursday it expects screen trading of liquefied natural gas to start in 2017 once liquidity builds.

SGX, which recently revealed the first trade of the new SGX FOB Singapore SLInG LNG derivatives contract, said this in a white paper published on Thursday on the development of Asia’s LNG market.

According to the report, SGX expects this year first spot LNG cargoes to be indexed to SLInG, especially cargoes from “new un-contracted Australian and US projects and the potential re-contracting of long positions from over-contracted consumers, subject to destination restrictions in their contracts”.

The development of SLInG as a true gas price for LNG in Asia has been timely and there is a clear window over the next 1-2 years for it to gather acceptance and become the reference price for spot and hedge trade in the Asia Pacific Region,” the report said.

 

LNG World News Staff

 

Share this article

Follow LNG World News

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 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 4 5

FSRU World Congress 2020

FSRU World Congress 2020 will therefore focus on further Commercialising FSRUs through LNG-to-Power…

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – Houston / Feb 2020

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – London / Mar 2020

This three-day training program provides a unique opportunity to learn and apply the practical skills…

read more >

3rd CWC Japan LNG & Gas Summit

As the only commercially focused forum for the Japanese LNG industry

read more >