Trafigura and Eni Trading and Shipping have traded the first LNG futures contract representing delivered prices to Dubai, Kuwait and India.
A total of 100,000m British thermal units (MMBtu) of February 2018 futures was cleared by the Singapore Exchange (SGX) at a price of $9.85 per mmBtu.
The underlying price index, DKI Sling or Dubai/Kuwait/India SGX LNG Index Group, is said to be the world’s first LNG derivative based on an index representing delivered LNG prices in the Middle East and Indian regions.
