Tokyo Commodities market cut deals with SGX and S&P Global Platts on LNG
The Tokyo Commodity Exchange has taken two
key steps to launching its first liquefied natural gas product
by signing with the Singapore Exchange to develop the Asian LNG
market and S&P Platts to work on Japanese benchmarks.
The top Japanese commodities market said
in a statement on Tuesday it has signed a memorandum of
understanding with SGX to develop the liquefied natural gas
(LNG) in Asia, a region the partners said accounts for over 60%
of the world’s LNG demand.
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