Trafigura, Eni Execute Landmark LNG Futures Contract

 

A total of 100,000 million British thermal units, a fraction of a standard-size cargo, of February 2018 futures was cleared by SGX at a price of $9.85 per mmBtu on Dec. 8, the exchange said in a statement.

 

Tullett Prebon brokered the trade, the first of its kind to represent delivered prices to the Middle East and India.

 

"The region has been a source of growth both in volumes and in liquidity for the LNG market," Chin Hwee Tan, Chief Executive of Asia Pacific for Trafigura said.