Interview: Abaxx’s Joe Raia on LNG, Corsia and wind contracts

Abaxx Exchange and Clearing House launched in June 2024 with five contracts – three liquefied natural gas (LNG) contracts and two carbon. 

Now its Gulf of Mexico and Asia-Pacific LNG contracts trade the equivalent of around two to two-and-a-half cargoes a day, said Joe Raia, Abaxx’s chief commercial officer, speaking to Energy Risk at E-World 2026.  

Last year, Abaxx became the first exchange to go to delivery with a contract designed for phase one (2024–26) of the Carbon Offsetting and Reduction Scheme for International Aviation (Corsia) and in February the exchange launched a tranche of wind contracts, including one for the US Electric Reliability Council of Texas (Ercot). “Thirty percent of power generation in Ercot – which is the biggest single power pool in the world – is generated by wind,” noted Raia.

Key discussion points

00:30 What is everyone talking about at E-World 2026? 

01:00 What is the latest on Abaxx’s LNG contracts? 

01:39 What’s the benefit of the contracts being physically delivered?

02:04 Do you expect the contract to go to physical delivery very often?

02:20 Abaxx is headquartered in Singapore – is it primarily an Asian Exchange?

03:21 How are your carbon contracts performing? 

04:05 What other contracts does Abaxx offer?

04:58 How does your Ercot wind contract work?