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Production / Operations

Abaxx Confirms Growing Trading Activity in its North Pacific-Asia (NPA DAP) and US Gulf of Mexico (GOM FOB) LNG Futures

By The Northwire Desk — AI Analysis Oct 21, 2025 · 07:30 ABXX · 34.02 ABAXX TECHNOLOGIES INC.
ABXX · Price

Executive Summary

  • Abaxx Technologies reports continued growth in trading volume for its Gulf of Mexico (GOM FOB) and North Pacific‑Asia (NPA DAP) physically‑deliverable LNG futures on the Abaxx Exchange.
  • Week ending Oct 17, 2025: NPA DAP Futures traded 690 lots; GOM FOB Futures traded 2,394 lots, contributing to an overall increase of >80% in total LNG volume from August to September 2025.
  • Since launch, cumulative trading across both contracts totals 14,042 lots (~140.4 MMBtu or $1.6 bn USD notional), equivalent to roughly 40 full LNG cargoes, providing regional price signals for >80% of global LNG import capacity.

Key Details

  • Trading Volume (Week ending Oct 17, 2025)
  • NPA DAP Futures: 690 lots

  • GOM FOB Futures: 2,394 lots

  • Cumulative Trading Since Launch

  • Total lots traded: 14,042
  • Approx. 140,420,000 MMBtu (≈ $1.6 bn USD notional)

  • Equivalent to ~40 LNG cargoes

  • Contract Specifications

  • All contracts are USD‑denominated, 10,000 MMBtu futures.
  • GOM contract trades on an FOB basis; NPA and Northwest Europe (NWE) contracts trade on a DAP basis.

  • Trading hours: 1000–2400 Singapore time, Monday‑Friday (14‑hour session).

  • Market Coverage

  • The three benchmarks (GOM FOB, NPA DAP, NWE DAP) represent terminals covering >80% of global LNG import capacity.

  • Management Comment

  • Joe Raia, Chief Commercial Officer, Abaxx Exchange: “Abaxx’s LNG contracts are giving commercial participants a more effective way to manage regional price exposure… providing forward liquidity across both Atlantic and Pacific basins, helping traders hedge delivered cargo risk and improve price discovery.”

  • Strategic Context

  • Introduced in June 2024, the benchmarks aim to close structural gaps in market design and support participants managing delivered‑cargo exposure and regional pricing risk.

Notable Quotes

“Abaxx’s LNG contracts are giving commercial participants a more effective way to manage regional price exposure,” – Joe Raia, Chief Commercial Officer, Abaxx Exchange.

Read the original news release →

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