Abaxx Technologies, a financial software and market infrastructure company and majority shareholder of Abaxx Singapore, the owner of Abaxx Commodity Exchange and Clearinghouse, announced that Abaxx Exchange will expand its liquefied natural gas (LNG) futures suite with three financially-settled contracts launching November 16, 2026.
The launch will include North Pacific Asia contracts denominated in U.S. dollars (USD) and offshore Chinese renminbi (CNH), and a USD-denominated Gulf of Mexico mini contract.
The new contracts will allow participants to trade and hedge against the same waterborne LNG prices established by Abaxx’s physically-deliverable North Pacific Asia and Gulf of Mexico futures, with the flexibility of financial settlement. These physical contracts provide the only physically-backed forward curves for LNG trading globally.
With its first CNH-denominated futures contract, Abaxx Exchange is helping to build the bridge between China’s domestic markets and international LNG markets. NPC futures will give participants a choice of US dollar- or offshore Chinese renminbi-denominated contracts tied to Abaxx’s North Pacific Asia LNG benchmark, supporting firms managing LNG exposure alongside renminbi revenues, costs or investment capital.
At one-quarter the size of its physically-deliverable equivalent, the Gulf of Mexico mini contract will allow participants to trade smaller positions and adjust hedges in finer increments.
The expanded suite will include:
- LNG North Pacific Asia Cash-Settled (NPY) futures: A US dollar-denominated, 10,000 MMBtu contract, financially settled against the price of Abaxx’s LNG DAP North Pacific Asia (NPA) futures contract. The underlying NPA contract is a US dollar-denominated, 10,000 MMBtu, delivered-at-place (DAP) contract, physically-deliverable at LNG ports across China, Japan, and South Korea.
- LNG North Pacific Asia CNH-Cash Settled (NPC) futures: A CNH-denominated, 10,000 MMBtu contract, also financially settled against the price of Abaxx’s NPA futures contract, with the final settlement price converted to CNH using the Bloomberg FX Fixing (BFIX) mid rate for USD/CNH at the 14:00 Singapore time fixing on the Last Trading Day, rounded to the nearest CNH 0.01.
- LNG Gulf of Mexico Mini-Cash Settled (GMM) futures: A US dollar-denominated, 2,500 MMBtu contract, financially settled against the price of Abaxx’s LNG FOB Gulf of Mexico (GOM) futures contract. The underlying GOM contract is a US dollar-denominated, 10,000 MMBtu, free-on-board (FOB) contract, physically-deliverable at LNG ports throughout the Gulf of Mexico.
(This sponsored article was written by Abaxx Technologies.)