• Amendments to the Gulf Coast LNG Export Futures Contract: Addition of Cameron LNG Delivery Facility and Increase of Spot Month Position Limit

      • #
      • MSN08-06-24
      • Notice Date
      • 06 August 2024
      • Effective Date
      • 23 August 2024
    • Effective August 23, 2024 and commencing with the first week of October 2024 (LNGV2406) and beyond, the New York Mercantile Exchange, Inc.'s ("NYMEX" or "Exchange") will implement amendments to the Gulf Coast LNG Export Futures Contract ("the Contract") (see SER-9402 published on August 1, 2024). Specifically, the Exchange will: (1) adopt new language in Appendix-A ("LNG Sale and Purchase Agreement") and Exhibit A-1 ("Measurement") therein and Appendix B ("Loading Ports") of Chapter 240 to include the Cameron LNG delivery facility; and (2) increase the spot month position limit of the Contract from 600 futures contracts per week to 780 futures contracts per week commencing with the first week of October 2024 (LNGV2406) and beyond (collectively, the "Rule Amendments"), as noted below and in Exhibit B. Please note that the spot month limits in the September 2024 contracts are unchanged.

      For the full text of this notice, please see link attached below.