Baltic LPG Index

The Baltic LPG Index (BLPG) is the Baltic Exchange’s spot freight assessment for VLGCs, the around-84,000 cbm very large gas carriers that move LPG on long-haul routes. Its flagship route, BLPG1 (Ras Tanura to Chiba, Middle East to Japan), is quoted in dollars per tonne with a paired timecharter-equivalent earnings figure in dollars per day; BLPG3 covers US Gulf to Japan via Panama. Assessments come from a panel of brokers each business day. The BLPG underlies LPG freight FFAs and option contracts cleared on the freight clearing houses, giving VLGC owners and charterers a hedging benchmark against a volatile spot market.