LNG Cluster and Abaxx Announce Strategic Partnership to Advance Global LNG Market
LNG Cluster, a leading collaborative platform dedicated to advancing the liquefied natural gas industry, is pleased to announce a new strategic partnership with Abaxx Exchange, a Singapore-based commodity futures exchange and clearinghouse, introducing centrally cleared, physically deliverable commodities futures and derivatives to provide better price discovery and risk management tools for the commodities critical to our transition to a lower-carbon economy.
Launched in June of 2024, Abaxx Exchange was the selected trading platform for the world’s first trade for any physically-deliverable GOM LNG futures contract.
This partnership aims to enhance market transparency, strengthen industry engagement, and support sustainable practices in the expanding LNG sector.
Through this partnership, LNG Cluster and Abaxx will work together to:
Increase Visibility of Abaxx Pricing: The partnership will amplify awareness and understanding of Abaxx’s LNG benchmark pricing, supporting market participants with improved tools for price discovery and risk management.
Enhance Industry Engagement: Abaxx will join LNG Cluster’s LNG Community, connecting with key stakeholders through the LNG directory, marketplace, and networking opportunities.
Support Educational Initiatives: The partnership will focus on developing educational content and facilitating knowledge-sharing to promote innovation and best practices across the LNG value chain.
“Our partnership with Abaxx represents a significant leap forward for LNG market stakeholders,” said a spokesperson from LNG Cluster. “By combining our collective industry expertise with Abaxx’s robust digital platforms, we’re poised to deliver real value for our members while driving positive change in the global LNG space.”
About LNG Cluster
LNG Cluster is an industry-focused alliance dedicated to driving innovation, collaboration, and best practices in the global liquefied natural gas (LNG) market. Through research, networking opportunities, and technology-driven projects, LNG Cluster connects stakeholders across the entire LNG value chain.
About Abaxx
Abaxx is building Smarter Markets — markets empowered by better financial technology and market infrastructure to address our biggest challenges, including the energy transition. In addition to developing and deploying financial technologies that make communication, trade, and transactions easier and more secure, Abaxx is an indirect majority-owner of Abaxx Exchange and Abaxx Clearing, subsidiaries recognized by MAS as an RMO and ACH, respectively.
Abaxx Exchange and Abaxx Clearing are a Singapore-based commodity futures exchange and clearinghouse, introducing centrally cleared, physically deliverable commodities futures and derivatives to provide better price discovery and risk management tools for the commodities critical to our transition to a lower-carbon economy.
For more information please visit abaxx.tech, abaxx.exchange and smartermarkets.media.