Amendments to the Gulf Coast LNG Export Futures Contract

Effective on trade date Monday, July 12, 2021, New York Mercantile Exchange, Inc.’s (“NYMEX” or “Exchange”) will implement amendments to the Gulf Coast LNG Export Futures Contract (“the Contract”) commencing with the first contract week of September 2021 (see SER-8771 published June 11, 2021). Specifically, the Exchange will: (1) expand the delivery locations of the Contract to include Freeport LNG Facility (2) convert from listing monthly contracts to weekly contracts (see NYMEX Rule Chapter 240 in Exhibit A), and (3) amend the position limits of the Contract to 600 futures contract equivalents per week. Please note below and in Exhibit B of NYMEX Submission No 21-215, the corresponding spot-month position limit (Rule 559), aggregation allocation (Rule 559.D.), single month and all month accountability levels (Rule 560) and reportable level (Rule 561) for the Contract. Additionally, effective on June 11, 2021 the Exchange suspended trading and clearing of the Contract until trade date Monday July 12, 2021.

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