Trafigura and Eni trade first Middle East and India LNG futures contract
Published by Joseph Green,
Editor
LNG Industry,
Reuters are reporting that Trafigura and Eni Trading and Shipping traded the first LNG futures contract representing delivered prices to Dubai, Kuwait and India.
A total of 100 000 million British thermal units, a fraction of a standard-size cargo, of February 2018 futures was cleared by SGX at a price of US$9.85 per mmBtu on 8 December.
Tullett Prebon brokered the trade, the first of its kind to represent delivered prices to the Middle East and India.
“The region has been a source of growth both in volumes and in liquidity for the LNG market,” Chin Hwee Tan, Chief Executive of Asia Pacific for Trafigura said.
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/14122017/trafigura-and-eni-trade-first-middle-east-and-india-lng-futures-contract/
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