 "Natural Gas, LNG")
Intercontinental Exchange (ICE) has launched West India Marker (WIM) liquified natural gas (LNG) futures contracts. WIM will reflect the cargos delivered at Indian and West Asian ports.
The financially settled futures contract, ICE said, will settle against the S&P Global Platts daily assessment price for the WIM for spot physical LNG cargoes delivered at ports in India, Dubai and Kuwait.
“WIM provides the link between the global LNG market and the value of gas further downstream in India, as well as the anchor for the trading of spot LNG cargoes in South and West Asia,” ICE said in its statement.
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