Singapore to stop 'Sling' LNG indices, sheds hopes of main price hub - Reuters:
Singapore Exchange will stop producing and publishing its spot price indices - Sling - for liquefied natural gas (LNG), less than four years after their launch, dashing the city-state’s hopes of becoming Asia’s main pricing hub for the fuel.
Sling - short for SGX LNG Index Group - indices will be published until Oct. 31 this year, provided “there is sufficient data for an accurate and robust index to be published”, Energy Market Company (EMC) said in an undated statement on its website.
Sling was developed jointly by EMC, the market operator of Singapore’s wholesale electricity market, and Singapore Exchange (SGX) SGX.SI, and introduced in late 2015 in a bid to develop Singapore as a price hub for the super-chilled fuel. EMC is a wholly owned unit of Asian Gateway Investments, which is also a SGX subsidiary.
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