LNG
Liquefied Natural Gas
Liquefied Natural Gas (LNG) is a fast-growing global commodity with over 50% of worldwide natural gas now traded in this form. In an environment where LNG supply seeks to keep pace with the ever-growing demand from Asia and Europe, prices can be subject to significant short-term price movements. This volatility creates price risk and EEX currently offers two products to help customers manage this exposure:
EEX Platts JKM LNG Natural Gas Futures are monthly expiry futures which are financially settled against the Platts JKM® (Japan, Korea Marker) LNG price assessment. Platts JKM® is a world leading benchmark for the pricing of LNG in the Asian market and beyond. Detailed specifications for this futures contract can be found here.
EEX TTF Natural Gas Month ($/MMBtu) Futures are monthly expiry futures which are financially settled against the EEX TTF Front Month ($/MMBtu) Index. TTF in $/MMBtu has grown to become a pricing benchmark of choice for European LNG imports as well as being used outside of this region for LNG related trading strategies. Detailed specifications for this futures contract can be found here.
A detailed description of the EEX TTF Front Month ($/MMBtu) Index can be found here.
Contract Specifications EEX Platts JKM® LNG Natural Gas Futures
| Product Description | Monthly financially settled futures based on the Platts daily assessment price for the LNG DES Japan/Korea Marker (Platts JKM®) where the final settlement price is calculated as the arithmetic average of the Platts JKM® on each day that it is published over the Calculation Period (see below for details) |
| Contract Size | 1 lot (equals 10,000 MMBtu) |
| Pricing | In USD per MMBtu to the third decimal place after the point |
| Price Tick | 0.001 USD per MMBtu |
| Contract Series | The next 72 consecutive calendar months |
| Last Trade Registration Day | The 15th day of the month prior to the expiry month or, if this day is a weekend or a holiday in the UK or Singapore, the Exchange Day preceding that day |
| Final Settlement Price | The final settlement price is determined on the Last Trade Registration Day and is calculated as the arithmetic average of the Platts JKM® on each day that it is published over the Calculation Period. The Calculation Period begins on the 16th day of the second calendar month prior to the respective expiry month. If the Platts JKM® is not published on that day, the Calculation Period starts the next day on which the Platts JKM® is published. The Calculation Period ends on and includes the Last Trade Registration Day of the respective Future. |
Contract Specifications EEX TTF Natural Gas Month ($/MMBtu) Futures
| Product Description | Monthly financially settled futures based on the EEX TTF Front Month ($/MMBtu) Index. |
| Contract Size | 1 lot (equals 10,000 MMBtu) |
| Pricing | In USD per MMBtu to the third decimal place after the point |
| Price Tick | 0.001 USD per MMBtu |
| Contract Series | The next 72 consecutive calendar months |
| Last Trading Day | Two Exchange Days before the first day of the expiry month |
| Final Settlement Price | The final settlement price, determined on the Last Trading Day, is the EEX TTF Front Month ($/MMBtu) Index for the respective expiry month. The EEX TTF Front Month ($/MMBtu) Index is calculated and published as an average of all daily settlement prices for the underlying ‘EEX TTF Natural Gas Futures with Physical Settlement’ in the respective front month where each constituent daily settlement price denominated in €/MWh is converted to $/MMBtu. The EEX TTF Front Month ($/MMBtu) Index is calculated and published monthly on the last trading day of the underlying EEX TTF Natural Gas Futures contract. |
Delayed data for EEX JKM LNG Natural Gas Futures and EEX TTF Natural Gas Month ($/MMBtu) Futures can be found here.
For further information on these contracts please contact globalcommodities@eex.com.
Webinar: EEX Platts JKM LNG Natural Gas and $TTF Futures Launch
Watch our webinar on the launch of the EEX Platts JKM LNG Natural Gas and $TTF Futures, providing details of the offering, as well as addressing frequently asked questions.
For more information, please see the webinar presentation or watch the webinar.
Notice: To activate the video, please click on the picture. Please note that after activation your data will be forwarded to YouTube.
Quicklinks
| Publishing date | Title | File |
|---|---|---|
| 2024-06-26 | EEX Webinar - LNG Futures | pdf (1 MB) |
| 2024-06-26 | FAQ EEX LNG Futures | pdf (140 KB) |
| 2024-01-29 | EEX Customer Information - EEX to launch TTF Natural Gas Month ($/MMBtu) Futures | pdf (187 KB) |
| 2024-01-29 | EEX Press Release - EEX to launch USD-denominated TTF Natural Gas Month Futures on 15 April | pdf (132 KB) |