A new LNG index could be put out for public trial from May as a result of work by the Baltic Exchange and a panel of brokers.

Shipbrokers Affinity (Shipping), Braemar ACM, Clarksons and Simpson Spence Young have teamed up with the exchange as the Baltic LNG Panellists Group.

Baltic Exchange chief executive Mark Jackson says a three-month private trial phase will kick off at the end of January before public trialling in the market.