Japan OTC Exchange set for LNG trading start

Japan OTC Exchange set for LNG trading start

Japan OTC Exchange (JOE) has secured an approval to start LNG “Non-Deliverable Forward trading” from September 12, METI said in a statement.

The JV is owned by Tokyo Commodity Exchange, TOKOM (40 percent) with the remaining stake being owned by Ginga Petroleum.

More than 10 companies including Tokyo Electric Power and Mitsubishi are expected to take part in the OTC LNG trade, according to media reports.

 

LNG World News Staff, September 11, 2014; Image: TOCOM