19 April 2024
CME makes way for negative LNG prices, but experts see sub-zero JKM as unlikely
Publication date: 11 May 2020
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The Chicago Mercantile Exchange (CME) has confirmed that many of its major natural gas and LNG futures contracts will be able to enter negative territory starting from next week. The move allows gas and LNG prices to trade below zero if the current highly unusual market environment dictates this, although experts remain doubtful that this is likely to happen without a fresh extreme demand shock that eclipses the recent unparalleled energy market volatility.
From 18 May, a total of ...