LNG

March 23 (LNGJ) - The Intercontinental Exchange (ICE) will launch the first US LNG futures contract in May 2017. In an exchange note to customers, ICE said it planned to list the new contract on May 4, subject to completion of necessary regulatory processes. The LNG contract will be settled against the assessments made by US pricing firm Platts. Among the advantages, LNG futures contracts will enable market participants to hedge their positions