LNG = liquefied natural gas, whose price has fluctuated significantly recently due to the situation in Ukraine.
The LNG futures trading will start on a trial basis from the 4th, and it will be watched whether it will be a mechanism that electric power companies can procure at a stable price.
LNG futures trading began on a trial basis on the 4th at the Tokyo Commodity Exchange, where futures trading such as crude oil and electricity is carried out.
LNG is traded up to one year and three months in advance, and electric power companies and gas companies can procure future purchases through the market.
The transaction started at 8:45 am, and after 9 am, two months later, in June, the initial price of 4200 yen per million Btu, which is the unit used for gas transactions, was attached.
This is about the same level as the current price of spot contracts that you trade immediately.
The Tokyo Commodity Exchange is aiming for full-scale operation of LNG futures trading up to three years later, and while the price of LNG has fluctuated significantly recently due to the military invasion of Ukraine by Russia and the influence of the new corona, electric power Attention is being paid to whether gas companies will be able to procure at stable prices.
Takashi Ishizaki, President of the Tokyo Commodity Exchange, said, "The need for low-cost and stable energy security has been highlighted again, and we would like to make efforts toward the realization of a comprehensive energy market."