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SGX started Singapore SLInG (short for SGX LNG Index Group) ~1.5years ago.
Asian LNG price benchmark might be slow to take off: Vitol
IT might take a longer time for a liquefied natural gas (LNG) price benchmark to take off in Asia because Asians are not used to leading in price setting, according to one of the largest independent traders in the super-chilled fuel. "In the energy space, Asian consumers are still price-takers; they don't want to lead the market," said Kho Hui Meng, the Asian chief for Vitol, the largest independent oil trader in the world. Mr Kho pointed, as an example, to how oil futures have always struggled to take off in Asia. The Singapore Exchange's (SGX) fuel oil futures have seen little interest for years. China, which had been hoping to establish its own crude futures contract on the Shanghai International Energy Exchange and was working on these plans for a few years, has quietly shelved them due to market resistance, Reuters reported late last month.
http://www.businesstimes.com.sg/energy-c...-off-vitol
Asian LNG price benchmark might be slow to take off: Vitol
IT might take a longer time for a liquefied natural gas (LNG) price benchmark to take off in Asia because Asians are not used to leading in price setting, according to one of the largest independent traders in the super-chilled fuel. "In the energy space, Asian consumers are still price-takers; they don't want to lead the market," said Kho Hui Meng, the Asian chief for Vitol, the largest independent oil trader in the world. Mr Kho pointed, as an example, to how oil futures have always struggled to take off in Asia. The Singapore Exchange's (SGX) fuel oil futures have seen little interest for years. China, which had been hoping to establish its own crude futures contract on the Shanghai International Energy Exchange and was working on these plans for a few years, has quietly shelved them due to market resistance, Reuters reported late last month.
http://www.businesstimes.com.sg/energy-c...-off-vitol