TORONTO, March 24, 2025 – Abaxx Technologies Inc. (CBOE:ABXX)(OTCQX:ABXXF), a leading financial software and market infrastructure company, announced a landmark development in the LNG industry. For the first time, an LNG cargo trade has been indexed to Abaxx LNG futures. This trade marks a major step forward in global LNG pricing.
The LNG Trade Details
Two Asia-based counterparties have agreed to trade a cargo of LNG, to be exported from the Gulf of Mexico (GOM), with the transaction price indexed to Abaxx GOM LNG futures. This adoption of Abaxx’s physically deliverable LNG futures for the OTC LNG trade signals the growing potential of Abaxx futures to become key benchmarks in the global LNG market.
On March 21, 2025, the Abaxx GOM LNG futures (May delivery) settled at $12.46/mmBtu, the Abaxx NWE LNG futures (May delivery) settled at $13.37/mmBtu, and the Abaxx NPA LNG Futures (May delivery) settled at $13.59/mmBtu.
Commentary from Abaxx Exchange
Joe Raia, Chief Commercial Officer of Abaxx Exchange, commented on the significance of this trade: “This trade reflects the need for more precise LNG pricing as geopolitical shifts, including tariffs and trade disputes, continue to impact global commodities markets. The use of Abaxx futures settlement prices for this high-value cargo gives the global LNG market confidence in the strength of our contracts and reinforces their role as a reliable tool for managing price risk with benchmarks that reflect real LNG market conditions more reliably than regional pipeline hubs or proxies.”
About Abaxx Technologies Inc.
Abaxx Technologies is focused on building Smarter Markets – markets enhanced by advanced financial technology and infrastructure to address critical global challenges, including the energy transition. In addition to developing and deploying financial technologies that improve communication, trade, and transactions, Abaxx is the majority shareholder of Abaxx Exchange and Abaxx Clearing.
Abaxx Exchange and Abaxx Clearing are Singapore-based subsidiaries recognized by the Monetary Authority of Singapore (MAS) as a Recognized Market Operator (RMO) and an Approved Clearing House (ACH), respectively. They introduce centrally-cleared, physically deliverable commodities futures and derivatives to support better price discovery and risk management, particularly for commodities vital to transitioning to a lower-carbon economy.
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