SGX, Tocom ink MOU to develop Asia's LNG market

Singapore

SINGAPORE Exchange (SGX) and Tokyo Commodity Exchange (Tocom) have signed a memorandum of understanding to develop the liquefied natural gas (LNG) market in Asia.

Potential areas of cooperation include studying product initiatives such as the co-listing of LNG derivatives, studying synergies between the market distribution networks of the two exchanges, promotion and development activities and sharing of experiences in developing the electricity market in their respective jurisdictions. SGX listed its first electricity futures in 2015, and Japan is considering similar products.