European Energy Exchange lists Asia LNG futures, eyeing Japan demand

Bourse hopes to tap into hedging transactions by Japanese power companies

20240424N LNG tanker

Natural gas accounted for the largest proportion of Japan's power generation sources at 33.8% in fiscal 2022. (Photo by Konosuke Urata)

YUSEI SANADA, Nikkei staff writer

TOKYO -- The European Energy Exchange (EEX) is trying to capture demand from Japanese power companies looking to hedge against liquefied natural gas and electric power price fluctuations with the recent listing of East Asian LNG futures.

Japanese power futures trading has been increasing somewhat on the EEX, the world's largest electric power exchange. It also listed Japan/Korea Marker (JKM) futures, a liquefied natural gas index, on April 15.

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