The Singapore Exchange (SGX) is to launch a new LNG spot pricing index for the Middle East and India regions in partnership with Tullett Prebon.

The two companies said they expect to launch the index, which will be published every Monday and Thursday, in the second quarter of 2017.

It aims to provide a transparent and trusted reference price for LNG delivered ex-ship under flexible terms to key ports in Dubai, Kuwait and India (DKI).

It