Argus launches ANEA™ LNG forward swaps assessments

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Dec 03, 2012, 10:15 ET

SINGAPORE, Dec. 3, 2012 /PRNewswire/ -- Leading energy and commodities price reporting organisation Argus has launched a new series of northeast Asian LNG forward swaps assessments in the Argus LNG Daily report, known as ANEA^TM swaps. The launch reflects growing liquidity in LNG derivatives, as well as industry calls for a reliable forward curve.

ANEA forward swaps assessments cover three forward-month periods from the furthest ANEA physical spot assessment. This means that market participants can currently see the value of northeast Asian LNG swaps trading for March, April and May 2013. ANEA physical spot assessments represent cargoes delivered ex-ship (des) to ports in Japan, South Korea and Taiwan, trading 6-12 weeks before the date of delivery.

"The LNG market is evolving at a rapid pace and the development of a financial derivatives market is key to enabling market participants to manage their risk effectively," Argus Media chairman and chief executive Adrian Binks said. "The launch of ANEA forward swaps assessments in the Argus LNG Daily report provides stakeholders with transparency about the costs of hedging."

Argus' new ANEA swaps coverage complements the Argus LNG Daily report's existing suite of Asia-Pacific and European spot price assessments, market commentary and global netback pricing.

The Argus LNG Daily report provides price assessments for Asia-Pacific, the Middle East, west Africa, Europe and the Caribbean, information about shipping movements, market-moving news and analysis. The report has been carefully designed to provide global LNG market participants with the critical insights and key LNG statistics and data needed to stay ahead of market developments, as well as to help shape commercial strategies.

About Argus Media

Argus is an independent media organisation with more than 450 staff. It is headquartered in London and has offices in each of the world's principal energy centres. Its main activities comprise publishing market reports containing price assessments, market commentary and news, and business intelligence reports that analyse market and industry trends.

More than half of Argus' staff are commodity journalists who specialise in reporting news and price information relating to physical energy and related commodity markets. They operate according to a rigorous Editorial Code of Conduct and an Ethics Policy that align with best journalistic practice, including the avoidance of conflicts of interest.

Argus is a leading provider of data on prices and fundamentals, news, analysis, consultancy services and conferences for the global crude, oil products, natural gas, electricity, coal, emissions, bioenergy, fertilizer, petrochemical and transportation industries. Data provided by Argus are widely used for indexation of physical trade. Companies, governments and international agencies use Argus information for analysis and planning purposes.

Argus has 19 offices globally, including London, Houston, Washington, New York, Calgary, Rio de Janeiro, Singapore, Dubai, Beijing, Tokyo, Sydney, Moscow, Astana and other key centres of the energy industry. Argus was founded in 1970 and is a privately held UK-registered company.