LNG Freight Spot Prices*
Released on Nov 12
Spark25S
Nov 27 - Dec 27291,500
/ daySpark30S
Nov 27 - Dec 27241,500
/ day
Introducing the
Spark
LNG Freight Platform
LNG freight pricing is a critical part of LNG trading.
Historically, it has been hard to assess, difficult to evaluate
and labour intensive to analyse.
Now it is not.
Supported by leading LNG market participants,
exchanges and brokers. Designed for simplicity, built for
progress.
Now live.
Spark partners with ICE
Spark assessments underpin the new LNG Freight cash settled futures
contracts on one of the world's largest commodities exchanges.
Now available to trade
via ICE.
Trusted by a wide range of global energy, research and financial organisations.
200+
Organisations1000+
Users
Built for the future.
- Designed using the latest technology so we can evolve as the markets do
- Customer led development to ensure we constantly provide what the market needs
-
Strong shareholder backing
Discover price and unlock insights
- Spot and Physical Forward Curve assessments
- Market led assessments from relevant, eligible submitters
- Intuitive analytical tools and charts designed to provide greater insights
- Connect via the Spark API or the Excel Add-in to automate data flows and improve efficiency
Freight is a critical part of the LNG value chain.
It must
be a critical part of the solution.
A carbon neutral LNG freight rate combining existing, recognised SparkS rates with industry recognised carbon prices.
Transparent methodologies aligned to IMO standards and designed to help you meet your offset goals
Intuitive, early stage calculator designed to give you a better understanding of environment impacts and corresponding carbon costs and rates*.
Full flexibility on routes, assumed boil off rate and vessel speed, vessel size and carbon reference prices.
*Our phase 1 calculator gives approx calculations. As Neutral progresses, so will our calculations.
Contribute to our goal by registering interest (anonymously if you prefer) to offset your freight linked carbon emissions.
If we can validate that there is a wider industry interest (even if non-binding at this stage), then we are committed to building the tools to make this happen.
Premium Features
Multiple features designed to meet the demands of traders, owners, charterers and analysts and based on market feedback.
Forward Curves
By providing forward assessments and allowing you to see how the forward curve evolves, you gain greater insight when making freight and cargo decisions.
Signals
By combining data with visualisation tools, Signals connects you to how prices evolve, compare and change, whenever you need.
Benchmarking Tools
For eligible submitters*, anonymous price information is turned into meaningful min/max ranges, allowing you to compare your views against market players.
Opti
Privileged access to Opti Beta providing you with a new tool to analyse FOB positions. Enriched with Kpler data and built with iteration in mind.
Historical Prices
Access Spark historical data whenever you need it, directly via the platform.
USGC Cancellation Tool
As US LNG exports continue to impact global balances, analyse potential decisions, run your own calculations and compare against historical flows. Supported by the latest Kpler data.
New Tools
We are constantly developing new tools for our customers. Others are in the pipeline as the platform develops.
Settlement Tracker
Check how current spot contract is pricing, model different scenarios, verify the number of assessment days and confirm how the previous two months have priced.
Spread Charting
Track the evolution of price spreads between different Spark LNG freight rates, enabling you to spot fundamental trends and explore potential trading opportunities.
Calculator
Convert fixtures and assessments into SparkS and SparkF prices using the inputs you need and with full transparency.
Flexible Plans
Designed to meet your requirements, whichever type of organisation you are.
Free
Key Features
- SparkS (Spot)*
- SparkF (Front Month)*
- Selected Beta feature testing
- Neutral Beta platform
- Limited API access
Connect to Spark data in the way that works best for you
Who we are
We are building a new way to understand commodity pricing,
starting with our LNG Freight. In early 2019, Spark launched with
the backing of Kpler, the world’s leading shipping tracking and
commodity data intelligence provider, and EEX (formerly
Powernext), part of the Deutsche Boerse Group, a globally
recognised exchange.
Led by commodity professionals and experienced software engineers,
we are a small team of people from a variety of backgrounds who
want to make a big impact.
What we've done
2019
Spark launches with 2 employees: Tim Mendelssohn (formerly of BP and Koch Supply and Trading) and Charles Vallantin Dulac (formerly Head of Engineering at Kpler).
First LNG freight product/contracts launched for testing with submissions received from leading brokers and market players. First bilateral OTC freight swap completed against Spark contracts between Glencore and Socar.
Hit first 10,000 data points and 200 users from 50 companies.
2020
100+ companies connected to Spark with over 500 users.
Launch of Spark Premium to provide users with more insightful analytical tools.
Spark expands into Europe with first international office opened in London.
150+ companies connected to Spark from across LNG, Gas and Power industries.
2021
Intercontinental Exchange (ICE) selects Spark as provider for LNG freight assessments underpinning new cash settled LNG Freight futures contracts.
ICE launches Spark25S and Spark30S LNG freight cash settled futures contracts.
London
1 Poultry
London EC2R 8EJ, United Kingdom
info@sparkcommodities.com
Singapore
18 Cross Street, #02-101, Cross Street Exchange
Singapore 048423
info@sparkcommodities.com
