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LNG Futures

Contract Unit

10,000 million British thermal units (MMBtu)

Price Quotation

U.S. dollars and cents per MMBtu

Trading Hours

Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. /CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)

Minimum Price Fluctuation

 CME ClearPort:

0.001 per MMBtu = $10.00

CME Globex:

0.001 per MMBtu = $10.00Inter-commodity spreads on Globex may also occur in multiples of 0.00025 per MMBtu

Product Code

CME Globex: NG

CME ClearPort: NG

Clearing: NG

TAS: NGT

Listed Contracts

Monthly contracts listed for the current year and the next 12 calendar years. Add monthly contracts for a new calendar year following the termination of trading in the December contract of the current year.

Settlement Method

Deliverable

Termination Of Trading

Trading at settlement is available for spot (except on the last trading day) and months 2-12, subject to the requirements of Rule 524.A. TAS Trading terminates daily at 2:30 p.m. ET. Products eligible for TAS pricing trade off a "Base Price" of 0 to create a differential (plus or minus 10 ticks) versus the settlement in the underlying product on a 1 to 1 basis. A trade done at the Base Price of 0 will correspond to a "traditional" TAS trade which will clear exactly at the daily settlement price.

TAS trading terminates 4 business days prior to the contract month.

TAS calendar spread trading available in months 1-12, all combinations. 

Grade And Quality: Natural Gas meeting the specifications set forth in the FERC-approved tariff of Sabine Pipe Line Company as then in effect at the time of delivery shall be deliverable in satisfaction of futurescontract delivery obligations.