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SGX to offer LNG freight clearing services

Reflecting a growing appetite for the management of risk in the spot LNG freight market, a second clearing house will be listing Forward Freight Agreements (FFAs) and futures contracts settled against the Baltic Exchange’s new gas powered LNG assessments. From 12 July Singapore Exchange (SGX) will be adding contracts for the following routes:

• BLNG1g Australia to Japan RV

• BLNG2g US Gulf to Continent RV

• BLNG3g US Gulf to Japan RV

Daily rate in USD ($/day), 91,500 mt dwt vessel, 160,000 cbm capacity. Basis delivery cold, ready to load, 0.1% boil off, max vessel age 20 years.

CME Group has been offering clearing services for LNG freight using Baltic Exchange data since late 2019.

The Baltic Exchange is committed to supporting this growing market with audited, independent and accurate freight assessments. The Baltic Exchange’s LNG assessments are produced twice weekly and are regulated by the UK’s Financial Conduct Authority.
Source: The Baltic Briefing

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