TOCOM, Platts in LNG MOU

TOCOM, Platts in LNG MOU

The Tokyo Commodity Exchange on Tuesday signed a memorandum of understanding with S&P Global Platts that includes cooperation in developing LNG market in Asia. 

Following the deal with the Singapore Exchange, TOCOM tied with Platts to develop active markets and benchmark prices for Japanese domestic oil refined products and LNG in Asia.

The two companies will work together to accelerate the development of derivatives products based on such prices with the aim of enhancing risk management and market transparency for the benefit of all market participants.

Speaking of the agreement, Takamichi Hamada, president and CEO of TOCOM, said that for LNG in particular the cooperation with Platts would lead to the “creation of a proper price discovery mechanism” by “adding spot trading functions.”

As Japan is looking to move into a more liberal energy market, Platts is looking to launch new price assessments that meet the specific needs of the Japanese market, according to Martin Fraenkel, Platts president.

Share this article

Follow LNG World News


<< Oct 2019 >>
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

CWC World LNG Summit & Awards Evening

The CWC World LNG Summit & Awards Evening will be returning to Rome in 2019 to celebrate it’s 20th year.

read more >

LNG Bunkering Mediterrean

The only 3-day course offering theoretical and practical training on LNG bunkering designed by the Mediterranean market leaders.   

read more >

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >

FLNG World Congress 2019

2019 FLNG World Congress will bring together stakeholders across the floating liquefaction value…

read more >