Live reporting in a first LNG index for the Baltic Exchange will begin on 26 March as trading in the commodity becomes more liquid and buyers move towards spot and shorter-term contracts.
The Baltic has approved the move for its BLNG1 — a round trip from Gladstone in Australia to Tokyo, Japan.
BLNG1 is based on a 160,000-cbm, tri-fuel diesel-electric LNG carrier of a maximum 20 years old with a 0.1%
