CM Group LNG Freight Route BLNG2g (LNG Fuel) (Baltic) Futures

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Baltic Exchange listed three new Liquid Natural Gas (LNG) Freight futures contracts effective March 22nd, 2021: CME Group LNG Freight Route BLNG1g (LNG Fuel) (Baltic), LNG Freight Route BLNG2g (LNG Fuel)(Baltic) Futures, and CM Group LNG Freight Route BLNG3g (LNG Fuel) (Baltic) Futures.[1]

LNG Freight Route BLNG2g (LNG Fuel) (Baltic) Futures is the route between Sabine Pass, US and the UK.[2]

Contract Specs[edit]

LNG Freight Route BLNG2g (LNG Fuel) (Baltic) Futures
Contract Unit 1 charter day
Price Quotation U.S. dollars and cents per charter day
Trading Hours CME Globex: Sunday - Friday 5:00 p.m. - 4:00 p.m. CT with a 60-minute break each day beginning at 4:00 p.m. CT
CME ClearPort: Sunday 5:00 p.m. - Friday 4:00 p.m. CT with no reporting Monday - Thursday 4:00 p.m. – 5:00 p.m. CT
Minimum Price Fluctuation 1 charter day = $1.00
Product Code CME Globex: BL2

CME ClearPort: BL2

Clearing: BL2

Listed Contracts Monthly contracts listed for the current year and the next 2 calendar years. List monthly contracts for a new calendar year following the termination of trading in the November contract of the current year.
Settlement Method Financially Settled
Floating Price The floating price for each contract month is equal to arithmetic average of the USD per day rate for the BLNG2g freight route (i.e. US Gulf to Continent Round Voyage) for cargoes of 160,000 cubic metres, or as subsequently amended, published by the Baltic Exchange for each day that is published during the Settlement Period. The Floating Price shall be rounded to the nearest $0.01.
Termination of Trading Jan - Nov: Trading terminates on the last day of the contract month, on which the Index is published by the Baltic Exchange.

Dec: Trading terminates on the 24th day of the contract month. If the Baltic Exchange does not publish the Index on the 24th, trading terminates on the prior publication date

Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 703[3]
Block Minimum Block Minimum Thresholds[4]
Vendor Codes Quote Vendor Symbols Listing[5]