Trafigura trades first Singapore LNG derivatives contract

January 25, 2016 10:26 AM

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SINGAPORE Jan 25 Singapore Exchange said on Monday that European trading house Trafigura and locally based Pavilion Gas made the first trade of a just-launched derivatives contract for liquefied natural gas (LNG).

The transaction, worth some $50,000, was based on Singapore's weekly spot price index for Asian LNG which is calculated on contributions from 20 major physical market participants, including buyers, sellers and traders.

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