GOM | LNG FOB Gulf of Mexico Futures Contract

Trade LNG with a contract that delivers real market pricing for US Gulf Coast exports. Designed for traders and commercial participants, this physically-deliverable benchmark offers a precise hedge and the ability to optimize your physical cargoes and infrastructure.

Abaxx's GOM LNG futures contract is a US dollar-denominated, 10,000 MMBtu, free-on-board (FOB) contract, physically-deliverable at LNG ports throughout the Gulf of Mexico.

Contract Specs

Rulebook Chapter|Fees|Contract Summary

Contract Name	LNG Gulf of Mexico Futures
Contract Symbol	GOM
Rule Chapter	800
Settlement Method	Physical
Contract Months	24 consecutive months
Pricing Terms	USD and cents /MMBtu
Contract Size	10,000 MMBtu. Million British Thermal Units ("MMBtu")
Minimum Price Movement	USD 0.01 per MMBtu
Trading Hours	1000 - 2400 SGT
Price Limits	Fixed price limits which will be published via circulars
Settlement Price Period	Daily Settlement Price Period - Five (5) minutes ending 2230 SGT Final Settlement Price Period - Thirty (30) minutes ending 2230 SGT on the Last Trading Day Note: times are subject to change to accommodate holidays and scheduled modifications announced by Exchange in advance
Final Settlement Price	The Final Settlement Price is the volume weighted average price for all trades done during Final Settlement Price Period of the contract rounded to the nearest $0.01 or as determined by the Exchange at its discretion using available information from related markets.
Last Trading Day	The first Business Day of the month preceding the first calendar day of the Delivery Month
Block Trade Minimum	5 lots
Reportable Level	25 Lots
Position Limits (Spot Month)	350 Lots
Position Accountability Levels (any/all month)	1750 Lots
Quality	LNG delivered under this Contract shall, when converted into gaseous state, comply with the following specs: Delivered gas shall consist essentially of methane and having a Gross Heating Value of not less than 1,000 Btu per Standard Cubic Foot and not more than 1150 Btu per Standard Cubic Foot Nitrogen: max 1 mol% Methane: min 84 mol% Ethane: max 11 mol% Propane: max 3.5 mol% Butane: max 2 mol% Hydrogen Sulfide: max 0.25 grains per 100 standard cubic feet Sulfur: max 1.35 grains per 100 standard cubic feet The LNG delivered shall contain no material amounts of water, mercury, active bacteria or bacterial agents (including sulphate reducing bacteria or acid producing bacteria), and other contaminants or extraneous material, which will interfere with the receipt or the use of the LNG.
Delivery Unit Size	350 lots
Qualifying Delivery Unit Range	Delivery Unit Size +/- 5%; 3,325,000 – 3,675,000 MMBtu
Loading Tolerance	+/- 2%
Delivery Date	Delivery is to commence on date determined by the Buyer on any date from the 11th to the 20th calendar day of the Contract Month
Delivery Term	Free on Board (FOB)
Eligible Loading Ports	See Eligible Ports
LNG Vessel Availability	The Buyer shall adequately demonstrate commercial capability to take delivery of LNG at all of the Eligible Loading Ports prior to the last five (5) Trading Days of the contract. Failure to demonstrate this capability adequately can result in liquidation of position.
Product Availability	The Seller shall adequately demonstrate commercial capability and the ability to effect physical delivery of a quantity and quality of LNG contracted for delivery at one or more Eligible Loading Ports prior to the last five (5) Trading Days of the contract. Failure to demonstrate this capability adequately can result in liquidation of position
Notice of Intention to Accept	Submitted by Clearing Member having open long positions of Delivery Unit Size(s) on the Business Day following Last Trading Day
Notice of Intention to Deliver	Submitted by Clearing Member having open short positions of Delivery Unit Size(s) on the Business Day following Last Trading Day
Delivery Margins	On the Business Day following the Last Trading Day (“Delivery Margin Deadline”), the Buyer’s Clearing Member and the Seller’s Clearing Member shall deposit with the Clearing House margins in such amounts and in such form as required by the Exchange. Such margins shall be returned on the Business Day following: (a) notification to the Exchange that delivery and payment have been completed. (b) In the event of any dispute, as directed by an Award; or (c) In the event where the Buyer and Seller elected for ADP, in accordance with paragraph 8 (Alternate Delivery Procedures)
Delivery Payment	On the 5th Business Day prior to the Delivery Date, the Clearing Member shall obtain from any Buyer an amount equal to the Final Settlement Price multiplied by the Estimated Delivery Quantity with consideration for the maximum amount delivered as per the Loading Tolerance (the “Payment Amount”) and deposit that amount with the Clearing House. After completion of loading/discharge of each LNG cargo, Seller shall furnish all necessary delivery documents and an invoice. The Buyer’s Clearing Member will submit a Confirmation of Valid Invoice along with a copy of the Seller’s invoice to the Clearing House to confirm receipt and accuracy of the sum due. Clearing House will release to the Seller’s Clearing Member the sum due noted in the Seller’s duly issued invoice upon receipt of Confirmation of Valid Invoice from the Buyer’s Clearing Member.
Venue of Arbitration	American Arbitration Association (AAA)

GOM | LNG FOB Gulf of Mexico Futures Contract

Abaxx's GOM LNG futures contract is a US dollar-denominated, 10,000 MMBtu, free-on-board (FOB) contract, physically-deliverable at LNG ports throughout the Gulf of Mexico.

Contract Specs

Rulebook Chapter|Fees|Contract Summary

Contract Name	LNG Gulf of Mexico Futures
Contract Symbol	GOM
Rule Chapter	800
Settlement Method	Physical
Contract Months	24 consecutive months
Pricing Terms	USD and cents /MMBtu
Contract Size	10,000 MMBtu. Million British Thermal Units ("MMBtu")
Minimum Price Movement	USD 0.01 per MMBtu
Trading Hours	1000 - 2400 SGT
Price Limits	Fixed price limits which will be published via circulars
Settlement Price Period	Daily Settlement Price Period - Five (5) minutes ending 2230 SGT Final Settlement Price Period - Thirty (30) minutes ending 2230 SGT on the Last Trading Day Note: times are subject to change to accommodate holidays and scheduled modifications announced by Exchange in advance
Final Settlement Price	The Final Settlement Price is the volume weighted average price for all trades done during Final Settlement Price Period of the contract rounded to the nearest $0.01 or as determined by the Exchange at its discretion using available information from related markets.
Last Trading Day	The first Business Day of the month preceding the first calendar day of the Delivery Month
Block Trade Minimum	5 lots
Reportable Level	25 Lots
Position Limits (Spot Month)	350 Lots
Position Accountability Levels (any/all month)	1750 Lots
Quality	LNG delivered under this Contract shall, when converted into gaseous state, comply with the following specs: Delivered gas shall consist essentially of methane and having a Gross Heating Value of not less than 1,000 Btu per Standard Cubic Foot and not more than 1150 Btu per Standard Cubic Foot Nitrogen: max 1 mol% Methane: min 84 mol% Ethane: max 11 mol% Propane: max 3.5 mol% Butane: max 2 mol% Hydrogen Sulfide: max 0.25 grains per 100 standard cubic feet Sulfur: max 1.35 grains per 100 standard cubic feet The LNG delivered shall contain no material amounts of water, mercury, active bacteria or bacterial agents (including sulphate reducing bacteria or acid producing bacteria), and other contaminants or extraneous material, which will interfere with the receipt or the use of the LNG.
Delivery Unit Size	350 lots
Qualifying Delivery Unit Range	Delivery Unit Size +/- 5%; 3,325,000 – 3,675,000 MMBtu
Loading Tolerance	+/- 2%
Delivery Date	Delivery is to commence on date determined by the Buyer on any date from the 11th to the 20th calendar day of the Contract Month
Delivery Term	Free on Board (FOB)
Eligible Loading Ports	See Eligible Ports
LNG Vessel Availability	The Buyer shall adequately demonstrate commercial capability to take delivery of LNG at all of the Eligible Loading Ports prior to the last five (5) Trading Days of the contract. Failure to demonstrate this capability adequately can result in liquidation of position.
Product Availability	The Seller shall adequately demonstrate commercial capability and the ability to effect physical delivery of a quantity and quality of LNG contracted for delivery at one or more Eligible Loading Ports prior to the last five (5) Trading Days of the contract. Failure to demonstrate this capability adequately can result in liquidation of position
Notice of Intention to Accept	Submitted by Clearing Member having open long positions of Delivery Unit Size(s) on the Business Day following Last Trading Day
Notice of Intention to Deliver	Submitted by Clearing Member having open short positions of Delivery Unit Size(s) on the Business Day following Last Trading Day
Delivery Margins	On the Business Day following the Last Trading Day (“Delivery Margin Deadline”), the Buyer’s Clearing Member and the Seller’s Clearing Member shall deposit with the Clearing House margins in such amounts and in such form as required by the Exchange. Such margins shall be returned on the Business Day following: (a) notification to the Exchange that delivery and payment have been completed. (b) In the event of any dispute, as directed by an Award; or (c) In the event where the Buyer and Seller elected for ADP, in accordance with paragraph 8 (Alternate Delivery Procedures)
Delivery Payment	On the 5th Business Day prior to the Delivery Date, the Clearing Member shall obtain from any Buyer an amount equal to the Final Settlement Price multiplied by the Estimated Delivery Quantity with consideration for the maximum amount delivered as per the Loading Tolerance (the “Payment Amount”) and deposit that amount with the Clearing House. After completion of loading/discharge of each LNG cargo, Seller shall furnish all necessary delivery documents and an invoice. The Buyer’s Clearing Member will submit a Confirmation of Valid Invoice along with a copy of the Seller’s invoice to the Clearing House to confirm receipt and accuracy of the sum due. Clearing House will release to the Seller’s Clearing Member the sum due noted in the Seller’s duly issued invoice upon receipt of Confirmation of Valid Invoice from the Buyer’s Clearing Member.
Venue of Arbitration	American Arbitration Association (AAA)

GOM | LNG FOB Gulf of Mexico Futures Contract

Abaxx's GOM LNG futures contract is a US dollar-denominated, 10,000 MMBtu, free-on-board (FOB) contract, physically-deliverable at LNG ports throughout the Gulf of Mexico.

Contract Specs

Rulebook Chapter|Fees|Contract Summary

Contract Name	LNG Gulf of Mexico Futures
Contract Symbol	GOM
Rule Chapter	800
Settlement Method	Physical
Contract Months	24 consecutive months
Pricing Terms	USD and cents /MMBtu
Contract Size	10,000 MMBtu. Million British Thermal Units ("MMBtu")
Minimum Price Movement	USD 0.01 per MMBtu
Trading Hours	1000 - 2400 SGT
Price Limits	Fixed price limits which will be published via circulars
Settlement Price Period	Daily Settlement Price Period - Five (5) minutes ending 2230 SGT Final Settlement Price Period - Thirty (30) minutes ending 2230 SGT on the Last Trading Day Note: times are subject to change to accommodate holidays and scheduled modifications announced by Exchange in advance
Final Settlement Price	The Final Settlement Price is the volume weighted average price for all trades done during Final Settlement Price Period of the contract rounded to the nearest $0.01 or as determined by the Exchange at its discretion using available information from related markets.
Last Trading Day	The first Business Day of the month preceding the first calendar day of the Delivery Month
Block Trade Minimum	5 lots
Reportable Level	25 Lots
Position Limits (Spot Month)	350 Lots
Position Accountability Levels (any/all month)	1750 Lots
Quality	LNG delivered under this Contract shall, when converted into gaseous state, comply with the following specs: Delivered gas shall consist essentially of methane and having a Gross Heating Value of not less than 1,000 Btu per Standard Cubic Foot and not more than 1150 Btu per Standard Cubic Foot Nitrogen: max 1 mol% Methane: min 84 mol% Ethane: max 11 mol% Propane: max 3.5 mol% Butane: max 2 mol% Hydrogen Sulfide: max 0.25 grains per 100 standard cubic feet Sulfur: max 1.35 grains per 100 standard cubic feet The LNG delivered shall contain no material amounts of water, mercury, active bacteria or bacterial agents (including sulphate reducing bacteria or acid producing bacteria), and other contaminants or extraneous material, which will interfere with the receipt or the use of the LNG.
Delivery Unit Size	350 lots
Qualifying Delivery Unit Range	Delivery Unit Size +/- 5%; 3,325,000 – 3,675,000 MMBtu
Loading Tolerance	+/- 2%
Delivery Date	Delivery is to commence on date determined by the Buyer on any date from the 11th to the 20th calendar day of the Contract Month
Delivery Term	Free on Board (FOB)
Eligible Loading Ports	See Eligible Ports
LNG Vessel Availability	The Buyer shall adequately demonstrate commercial capability to take delivery of LNG at all of the Eligible Loading Ports prior to the last five (5) Trading Days of the contract. Failure to demonstrate this capability adequately can result in liquidation of position.
Product Availability	The Seller shall adequately demonstrate commercial capability and the ability to effect physical delivery of a quantity and quality of LNG contracted for delivery at one or more Eligible Loading Ports prior to the last five (5) Trading Days of the contract. Failure to demonstrate this capability adequately can result in liquidation of position
Notice of Intention to Accept	Submitted by Clearing Member having open long positions of Delivery Unit Size(s) on the Business Day following Last Trading Day
Notice of Intention to Deliver	Submitted by Clearing Member having open short positions of Delivery Unit Size(s) on the Business Day following Last Trading Day
Delivery Margins	On the Business Day following the Last Trading Day (“Delivery Margin Deadline”), the Buyer’s Clearing Member and the Seller’s Clearing Member shall deposit with the Clearing House margins in such amounts and in such form as required by the Exchange. Such margins shall be returned on the Business Day following: (a) notification to the Exchange that delivery and payment have been completed. (b) In the event of any dispute, as directed by an Award; or (c) In the event where the Buyer and Seller elected for ADP, in accordance with paragraph 8 (Alternate Delivery Procedures)
Delivery Payment	On the 5th Business Day prior to the Delivery Date, the Clearing Member shall obtain from any Buyer an amount equal to the Final Settlement Price multiplied by the Estimated Delivery Quantity with consideration for the maximum amount delivered as per the Loading Tolerance (the “Payment Amount”) and deposit that amount with the Clearing House. After completion of loading/discharge of each LNG cargo, Seller shall furnish all necessary delivery documents and an invoice. The Buyer’s Clearing Member will submit a Confirmation of Valid Invoice along with a copy of the Seller’s invoice to the Clearing House to confirm receipt and accuracy of the sum due. Clearing House will release to the Seller’s Clearing Member the sum due noted in the Seller’s duly issued invoice upon receipt of Confirmation of Valid Invoice from the Buyer’s Clearing Member.
Venue of Arbitration	American Arbitration Association (AAA)