Developing an Asian LNG spot price
The Gallina LNG tanker in Singapore. Asia is in need of a credible LNG price point. (Shell)
The Singapore Exchange (SGX) and the Energy Market Co. launched an Asian spot LNG index in June this year. The index, called the FOB Singapore SGX LNG Index Group – or SLInG index – will be the benchmark for the hedging products that SGX is expecting to launch before the end of 2015.
Lily Chia, SGX’s head of commodities product development, and David Carlson, senior business development director for SGX’s power and gas division and former chief executive of the Energy Market Co., spoke to Interfax about the SLInG index and the future of LNG derivatives in Asia.