Intercontinental Exchange Inc. (ICE) plans to offer two LNG futures contracts to Europe aimed at bridging the growing price divide between exports landing on the continent and natural gas transported through pipelines

ICE could begin offering futures contracts for liquefied natural gas to Northwest and Southwest Europe on Dec. 5, pending regulatory approval, according to the company. The contracts are planned to be cash settled based on LNG price assessments by Spark Commodities. They will be priced in U.S. dollars/MMBtu.

“Reflecting the energy situation which exists within Europe today, customers need a futures contract to price LNG imports into Europe, and provide a means to manage the difference with the price of natural gas delivered via pipeline,” ICE’s Gordon...