Parameta Solutions and General Index Launch New LNG Pricing Service

OTC market & transactional data provider Parameta Solutions, a division of TP ICAP, has teamed up with benchmark provider General Index (GX), to introduce a new liquified natural gas (LNG) pricing service. This service will provide daily benchmarks for transparent trading between key LNG hubs.

Powered by data from TP ICAP’s Energy & Commodities desks, the Parameta Solutions Global LNG Basis Indices will offer a tech-led approach to price evaluations, according to the company. Managed by GX, these indices will aim to assist with price discovery, act as a reference rate in financial agreements, and support clearing and settlement procedures.