LNG

June 21 (LNGJ) - The Intercontinental Exchange (ICE), the leading operator of commodities, futures and share trading platforms, has launched a physical trading product to reflect the change at the Dominion Energy Cove Point LNG facility in Maryland from an import terminal to an export plant. The new Dominion Energy Cove Point product reflects the physical market for natural gas deliveries into the plant for liquefaction and export. The previous Cove Point market, which had been set up for receiving natural gas from LNG imports, was delisted simultaneously by the ICE. The new Cove Point price was last at $3.110 per million British thermal units.

May 1 (LNGJ) - Intercontinental Exchange Inc., the US-based leading operator of global exchanges, clearing houses and pricing data for commodities and energy resources such as natural gas, said that ICE Benchmark Administration Limited (IBA) has been authorised as a regulated benchmark administrator under the European Union Benchmarks Regulation (BMR). Authorisation had been previously granted by the UK Financial Conduct Authority. “We are pleased that IBA has received EU regulated benchmark administrator status” said Tim Bowler, President of IBA. “IBA was founded to reform and bring transparency to global benchmarks. We aim to adopt the highest standards for the benchmarks that we administer,” added Bowler. IBA is one of the world’s most experienced administrators for regulated benchmarks. A subsidiary of Intercontinental Exchange, IBA was founded in 2014 and administers an array of important benchmarks, including bank interest rates.

Oct 23 (LNGJ) - Intercontinental Exchange (ICE), the leading operator of global exchanges and clearing houses and provider of data and listings services, said it completed its acquisition of the Bank of America Merrill Lynch Global Research division’s fixed-income index platform, which will become part of ICE Data Services. Terms of the agreement were not disclosed. “We’re excited to expand the breadth and scale of our index offering to give customers increased choice of third-party benchmark solutions,” said Lynn Martin, President and Chief Operating office of ICE Data Services. “With the addition of these indices, we are able to offer a comprehensive portfolio that includes the addition of more than 5,000 global fixed income, currency and commodity indices,” added Martin.