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Photo of the Singapore LNG terminal on Jurong Island, Singapore, July 15, 2019. Photo taken on July 15, 2019. REUTERS / Edgar Su
SINGAPORE (Reuters) – Singapore's energy company (EMC) will stop producing and publishing liquefied natural gas (LNG) price indexes in the so-called "Sling" city, the company said in a news release. dated published on its website.
EMC has stated that Sling – short for SGX LNG Index Group – indices will be released until October 31 of this year, provided that "the data is sufficient for an accurate and robust index to be published".
Sling was jointly developed by EMC, an exchange for wholesale electricity trading, and SGX.SI, the SGX (Singapore Exchange), and was launched in 2015 with the aim of making Singapore a price hub. super-cooled fuel. EMC is a wholly owned subsidiary of Asian Gateway Investments, itself a subsidiary of SGX.
EMC and SGX did not immediately respond to Reuters' requests for comment on this matter.
Reportage of Jessica Jaganathan; Edited by Kenneth Maxwell
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