LNG

ICE to launch US LNG futures contract on 4 May

The Intercontinental Exchange will launch its first United States LNG futures contract on 4 May, which will enable buyers and sellers of the fuel to hedge as US LNG exports increase.
By Staff reporter 23 March 2017 0 25195

The Intercontinental Exchange (ICE) will launch its first United States LNG futures contract on 4 May, which will enable buyers and sellers of the fuel to hedge as US LNG exports increase.

Prices will be settled against the assessments of price reporting agency Platts.

"The new ICE contract […] will be a monthly cash future settled against the Platts LNG Gulf Coast Marker Price assessment," the agency said.

The only operational US LNG plant is Sabine Pass, with two 4.5 mtpa trains, although a third train is expected...