Singapore: Reflecting the region’s rise as an LNG powerhouse Argus Media has launched the industry's first southeast Asian delivered ex-ship (des) price indications, known as the ASEA index, in the Argus LNG Daily report. “The launch reflects the need to improve price transparency ahead of the startup of Singapore and Malaysia's first LNG import terminals early next year,” Argus said in a release.
The ASEA index is designed to offer the LNG industry a reliable price indication for cargoes for delivery to Indonesia, Malaysia, Singapore and Thailand, trading 6-12 weeks before the date of delivery. The index is split into three forward half-month periods, in line with Argus' existing Asia-Pacific physical price assessments. In the absence of traded volumes in southeast Asia, Argus will derive the ASEA price based on a netback calculation from other Argus regional physical price assessments.
"Southeast Asia will play a key role in global LNG trading, as Singapore and Malaysia prepare to receive their first LNG imports, and Thailand and Indonesia expand their import requirements," Argus Media chairman and chief executive Adrian Binks said. "The new Argus southeast Asian price indications are an important step towards price identification in the region." [04/12/12]