S&P Global Platts, ICE Partner on LNG
S&P Global Platts and Intercontinental Exchange (ICE) have come together to bring the Platts Editorial Window (eWindow) communication tool to the LNG trading community, ICE said July 10.
eWindow is an online data-entry and communications tool that allows market participants in the Platts Markets On Close (MOC) price assessment process to communicate bids, offers and transactions directly to Platts editors and the marketplace simultaneously.
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“eWindow is already widely adopted to power the MOC process for key oil benchmarks and now will be accessible for Platts LNG price assessments, such as Platts JKM, the benchmark price for LNG delivered into northeast Asia,” ICE said.
ICE offers natural gas benchmarks such as UK NBP, EU TTF, US Henry Hub and JKM LNG (Platts), allowing market participants to hedge their price risk via futures and options for the major gas hubs globally. Trading does not occur on the eWindow, but the tool’s compatibility with ICE technology allows eWindow users to execute trades on the ICE platform without leaving the Platts MOC price assessment process and environment.
“As LNG markets continue to liberalise and new types of price agreements emerge between buyers and sellers of LNG, a range of hedging products are critical to allow the market to hedge risk and manage price exposure,” ICE added.