IMEX launches LNG spot

The Qatar-based International Mercantile Exchange (Imex) has announced plans to launch the world's first spot contract for liquefied natural gas (LNG) by the end of the year, pending regulatory approval.

A successfully adopted LNG spot contract could stimulate the short-term market for LNG, which today accounts for less than 15% of global LNG trade.The exchange is also looking to launch Sharia-compliant products and mini-contracts, Imex chairman Esam Janahi told a meeting of investors in Lond