Delivery ports located in Spain, Portugal, France, Netherlands, United Kingdom and Belgium with geographical proximity to each other with little to no incremental shipping cost relative to fair value.

 

Rule Chapter	900
Contract	LNG Northwest Europe Futures
Product ID/Commodity Code	NWE
Contract Unit and Delivery Unit	10,000 MMBtu. Those holding contracts to maturity will be required to do so in multiples of 350 contracts "Delivery Unit Size" or 3,500,000 MMBtu
Unit of Measure	MMBtu
Trading Hours (All time Singapore)	Monday through Friday Pre-open session: 0930 hrs to 1000 hrs Normal Market Session: 1000 hrs to 2400 hrs
Minimum Price Movement	USD 0.01 per MMBtu
Listed Contracts	Monthly contracts are listed for 24 months at launch to list up to 10 calendar years.
Settlement Method	Physical Delivery
Termination of Trading/Last Trading Day	The first business day of the month preceding the first calendar day of the Delivery Month
Delivery Dates	Delivery Date will be a day from the 11th - 20th of the Contract Month at the Seller's Choice.
Reportable Level	25 Lots
Position Limits (Spot Month)	350 Lots
Position Accountability Levels (any/all month)	1750 Lots
Price Limits	Fixed price limits which will be published via circulars
Block Trade Minimum	5
Final Settlement Price	Price determined by the Exchange on the Last Trading Day. The Final Settlement Price is the basis for delivery.
Settlement Price Period	Daily Settlement Price: 2225-2230 hrs SGT Final Settlement Price: 2200-2230 hrs SGT
Delivery Unit Size	350 Lots
Odd Lots	Odd Lots are those positions held through Termination of Trading that are not eligible for delivery. Parties holding odd lots that are unable to meet delivery obligations are subject to a penalty equal to 10% of Contract Value.

List of Eligible Ports for Abaxx LNG Contracts :   See Abaxx Circular 2024-CO19