SGX to launch more LNG derivative products in Q2 2017
It's on a quest for a bigger bite of the LNG pricing market; its new North Asia marker is eyeing pole position in a race that's still wide open, say analysts
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Singapore
THE Singapore Exchange (SGX), in its bid to gain pricing dominance in liquefied natural gas (LNG), is set to launch more derivative products for the commodity in the second quarter of next year. More transparent pricing for the commodity is critical, to encourage higher demand amid a supply glut, it says.
The new contracts, expected in the second quarter, will be based on its new North Asia price index, its head of oil, power and gas derivatives Lily Chia told The Business Times.
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