Argus Boosts Global LNG Price Coverage

April 16, 2012
The international energy and commodities reporting organisation, Argus, has launched a new series of European spot LNG price assessments and new forward Asia-Pacific delivery periods. This reflects the growing liquidity of spot LNG trade and the market's need for accurate pricing benchmarks.

The new European assessments cover cargoes for delivery to northwest Europe, the Iberian peninsula,Italy, Greece and Turkey and are accompanied by a new daily European market commentary. The new European market coverage complements the Argus LNG Daily report's existing Asia-Pacific spot price assessments, market commentary and global netback pricing.

Argus is also expanding its Asia-Pacific LNG coverage, in response to greater liquidity and market interest in forward trade in the region. The new assessments will expand the available pricing periods to include cargoes traded up to 12 weeks before delivery.

Argus has also modified its existing Asia-Pacific assessments to allow for easier use of the indexes in hedging.

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