US-based global commodities trading platform companies, the Intercontinental Exchange and CME Group, plan to launch liquefied natural gas derivatives and futures based on LNG shipments from the US and competing with products focused on spot LNG and Asian supplies by firms in Singapore and Tokyo.
Steven R. Miles, Washington D.C., and Jason K. Bennett, Dallas, Texas
The terms for the sale and purchase of LNG are evolving towards more complex and flexible relationships between suppliers and purchasers which will allow an increasingly global market in the future.
The ever more intricate and dynamic commercial relationships between LNG suppliers and purchasers are typically set forth in Sale and Purchase Agreements, which serve as the foundation for most LNG trades worldwide.