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    Liquefied Natural Gas

    LNG is a fast-growing global commodity; total exports have increased by over 25% in the last 4 years and over 50% of worldwide natural gas is now traded as LNG. 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 the need to manage price risk, making LNG futures an essential tool for any organisation with exposure to global gas prices.  

    Product

    Description

    GLJ / EEX Platts JKM® LNG Natural Gas Futures 

    Monthly cash 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 34 consecutive calendar months* 

    [* Trades executed as quarter, season or calendar contracts will be allocated to the corresponding monthly expiries] 
    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

    he 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.