Shipbroker Affinity (Shipping) has developed a new LNG pricing tool in a bid to give greater transparency and promote trading of the fuel as a commodity.
The company has developed a physical “partials” contract — a term borrowed from oil trading meaning a contract for a cargo parcel — based on the delivery of LNG ex-ship in north-west Europe, which Affinity’s Mats Fagerberg and Ian Thompson unveiled at the Platts European Gas summit and LNG Focus Day in Rotterdam on Thursday.
