Liquefied Natural Gas

    Liquefied Natural Gas (LNG) is a fast-growing global commodity with over 50% of worldwide natural gas now traded in this form. In an environment where LNG supply seeks to keep pace with the ever-growing demand from Asia and Europe, prices can be subject to significant short-term price movements. This volatility creates price risk and EEX currently offers two products to help customers manage this exposure:

    EEX JKM LNG Natural Gas Futures are monthly expiry futures which are financially settled against the Platts JKM® (Japan, Korea Marker) LNG price assessment. Platts JKM® is a world leading benchmark for the pricing of LNG in the Asian market and beyond. Detailed specifications for this futures contract can be found here.

    EEX TTF Natural Gas Month ($/MMBtu) Futures are monthly expiry futures which are financially settled against the EEX TTF Front Month ($/MMBtu) Index. TTF in $/MMBtu has grown to become a pricing benchmark of choice for European LNG imports as well as being used outside of this region for LNG related trading strategies. Detailed specifications for this futures contract can be found here.

    A detailed description of the EEX TTF Front Month ($/MMBtu) Index can be found here.

     

    Product

    Description

    Monthly financially settled futures based on the Platts daily assessment price for the LNG DES Japan/Korea Marker (Platts JKM®) where the final settlement price is calculated as the arithmetic average of the Platts JKM® on each day that it is published over the Calculation Period (see below for details)

    Contract Size 1 lot (equals 10,000 MMBtu)
    Pricing In USD per MMBtu to the third decimal place after the point 
    Price Tick 0.001 USD per MMBtu
    Contract Series

    The next 72 consecutive calendar months

    Last Trade Registration Day The 15th day of the month prior to the expiry month or, if this day is a weekend or a holiday in the UK or Singapore, the Exchange Day preceding that day 
    Final Settlement Price 

    The final settlement price is determined on the Last Trade Registration Day and is calculated as the arithmetic average of the Platts JKM® on each day that it is published over the Calculation Period.

    The Calculation Period begins on the 16th day of the second calendar month prior to the respective expiry month. If the Platts JKM® is not published on that day, the Calculation Period starts the next day on which the Platts JKM® is published. The Calculation Period ends on and includes the Last Trade Registration Day of the respective Future.

     

     

    Product Description Monthly financially settled futures based on the EEX TTF Front Month ($/MMBtu) Index.
    Contract Size 1 lot (equals 10,000 MMBtu)
    Pricing In USD per MMBtu to the third decimal place after the point
    Price Tick 0.001 USD per MMBtu

    Contract Series

    The next 72 consecutive calendar months

    Last Trading Day

    Two Exchange Days before the first day of the expiry month
    Final Settlement Price

    The final settlement price, determined on the Last Trading Day, is the EEX TTF Front Month ($/MMBtu) Index for the respective expiry month. The EEX TTF Front Month ($/MMBtu) Index is calculated and published as an average of all daily settlement prices for the underlying ‘EEX TTF Natural Gas Futures with Physical Settlement’ in the respective front month where each constituent daily settlement price denominated in €/MWh is converted to $/MMBtu.

    The EEX TTF Front Month ($/MMBtu) Index is calculated and published monthly on the last trading day of the underlying EEX TTF Natural Gas Futures contract.

    Delayed data for EEX JKM LNG Natural Gas Futures and EEX TTF Natural Gas Month ($/MMBtu) Futures can be found here.

    *EEX TTF Natural Gas Month ($/MMBtu) Futures will be launched on 15 April 2024


    For further information on these contracts please contact globalcommodities@eex.com.

     

     

    EEX Group Market Data

    Find data on our EEX JKM LNG Natural Gas Futures.

    To EEX Group Market Data