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Singapore to discontinue production of 'Sling' LNG price indices

Tue 30th July, 2019 3:01am
SINGAPORE, July 30 (Reuters) - Singapore's Energy Market
Company (EMC) will stop producing and publishing price indices
for liquefied natural gas (LNG) in the city-state known as
'Sling', the company said in an undated statement on its
website.
    EMC said Sling - short for SGX LNG Index Group - indices
will be published until Oct. 31, this year, provided "there is
sufficient data for an accurate and robust index to be
published". 
    Sling was developed jointly by EMC, an exchange for
wholesale electricity trading, and Singapore Exchange (SGX)
 SGX.SI , and introduced in 2015 in a bid to develop Singapore
as a price hub for the super-chilled fuel. EMC is a wholly owned
unit of Asian Gateway Investments, which itself is a SGX
subsidiary.
    EMC and SGX did not immediately reply to Reuters' requests
for comment on the matter. 
    

 (Reporting by Jessica Jaganathan
Editing by Kenneth Maxwell)
 ((Jessica.Jaganathan@thomsonreuters.com; +65 6870 3822; Reuters
Messaging: jessica.jaganathan.thomsonreuters.com@reuters.net;
Twitter: https://twitter.com/j3ssi3))
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