Abaxx Technologies, a financial software and market infrastructure company, majority shareholder of Abaxx Singapore, the owner of Abaxx Commodity Exchange and Clearinghouse, and producer of the SmarterMarkets Podcast, today announced the first over-the-counter (OTC) trade of an LNG cargo indexed to Abaxx LNG futures.
Two Asia-based counterparties have agreed to trade an LNG cargo to be exported from the Gulf of Mexico (GOM) with the transaction price indexed to Abaxx GOM LNG futures.
The adoption of Abaxx physically deliverable LNG futures as the price index for an OTC LNG cargo trade represents a significant milestone and advances their potential to become benchmarks in global LNG markets.
On Friday, March 21, 2025, the Abaxx GOM LNG futures (May delivery) settled at $12.46/mmBtu, the Abaxx NWE LNG futures (May delivery) settled at $13.37/mmBtu, and the Abaxx NPA LNG Futures (May delivery) settled at $13.59/mmBtu.
“This trade reflects the need for more precise LNG pricing as geopolitical shifts, including tariffs and trade disputes, continue to impact global commodities markets,” said Joe Raia, Chief Commercial Officer of Abaxx Exchange.
“The use of Abaxx futures settlement prices for this high-value cargo gives the global LNG market confidence in the strength of our contracts and reinforces their role as a reliable tool for managing price risk with benchmarks that reflect real LNG market conditions more reliably than regional pipeline hubs or proxies.”
(This sponsored article was written by Abaxx Technologies.)