05.03.2021

Artikel Nummer: 35465

An index for LNG units

An index for the seaborne trade in liquified natural gas (LNG) went live this week. The Baltic Exchange introduced it on the basis of carriers burning LNG as their primary fuel (and not marine fuel oil or marine gas oil).

The new index, with the acronym BLNGg, will be published twice a week, alongside the current LNG index, which is based on LNG carriers burning very-low-sulphur fuel oil (VLSFO). Historical data for the new index will be available from 1 January 2020.

On 22 March, the CME Group will launch (pending regulatory approval) three futures contracts based on the Baltic Exchange’s new index. (cd)


www.balticexchange.com