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CME Group announced a US-based physical LNG futures contract, with trading to begin October 14 pending regulatory review. Delivery points include Sabine Pass and Freeport LNG.
US LNG exports grew sharply since 2016 and averaged about 4.7 Bcf/d in June.
A new LNG futures benchmark improves price discovery for US gas exports and links domestic gas prices more closely to global markets, which supports export-driven demand.
dtn.comShaun OppSep 9, 2019Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
