Cheniere to launch first U.S. LNG futures contract
(Reuters) - CME Group Inc and Cheniere Energy Inc said they will launch the first physically deliverable liquefied natural gas futures contract with delivery to Cheniere’s Sabine Pass LNG export terminal in Louisiana.
The primary natural gas hub traded in the United States is the Henry Hub benchmark in Louisiana, which is already traded on the CME.
Cheniere delivers gas to the world through Sabine Pass in the form of LNG that is linked to prices at the Henry Hub.
Peter Keavey, CME Group Global Head of Energy, said in a release, that the agreement with Cheniere will further cement “the role of Henry Hub Natural Gas futures as the global gas pricing benchmark.”
Reporting by Scott DiSavino Editing by Jeffrey Benkoe and Susan Thomas
As discussed in the HPI Market Data 2019 report, published in November by Gas Processing & LNG’s sister publication, Hydrocarbon Processing, rising propane and ethane supplies in the US have been enabled by greater production of shale gas.
Industry Trends: Norway targets global LNG market
Norway aims to become a leading player in the global LNG market during the next several years through the establishment of new, large-scale LNG terminals.
Regional Focus: Challenges of scaling up Africa’s LNG production
Several gas projects are underway in Africa, but they continue to be constrained by inadequate infrastructure, slow finance mobilization, lack of security and uncertainty over hydrocarbon regulations that are casting doubt on the outcome of the continent’s drive to meet its anticipated 128% gas demand increase by 2040.
GasPro 2.0: A Webcast Symposium
The global LNG industry is becoming increasingly interconnected as grassroots export projects get off the ground. Another technology route for processing gas into fuels—GTL—is attracting renewed attention due to improving economics. Small-scale solutions for both LNG and GTL are at the forefront of new technological developments, while major projects using more conventional technologies continue to start up around the world.
During this webcast, we will focus on LNG, GTL, gas processing technology developments and deployments, operations, small-scale solutions, transportation, trading, distribution, safety, regulatory affairs, business analysis and more.
October 25, 2018 08:30 AM CDT