Tocom launches yen-denominated LNG futures
Tokyo Commodity Exchange (Tocom) on April 4 launched yen-denominated LNG futures in a trial listing. The futures contract based on the Japan-Korea-Marker (JKM) price for LNG assessed by S&P Global Platts is set for three years.
“The launch of LNG futures today is significant as it will enable LNG price formation during the business hours in north-east Asia where more than half of global LNG is imported,” said Takashi Ishizaki, president of Tocom. “We hope that our market grows as a major market for hedging price fluctuation risk of LNG.”
|
Advertisement: The National Gas Company of Trinidad and Tobago Limited (NGC) NGC’s HSSE strategy is reflective and supportive of the organisational vision to become a leader in the global energy business. |
Tocom, a unit of Japan Exchange Group, also upgraded the status of its electricity futures to a permanent listing from a trial listing.