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JPMorgan looks to resume trading physical LNG, Bloomberg News reports

Thursday, 24 October 2024 | 00:00

JPMorgan Chase JPM.N is in talks to resume trading physical liquefied natural gas (LNG) after more than a decade, Bloomberg News reported on Wednesday, citing people familiar with the matter.

The bank has had talks with at least three projects under development in the Gulf Coast to get a long-term LNG supply, the report said.

The bank and developers are in discussion to build a project to liquefy and export gas in Commonwealth LNG site in Louisiana, Sempra Energy’s under construction site in Texas and Energy Transfer ET.N facility in Louisiana, the report added.

JPMorgan declined to comment, while Sempra Energy and Energy Transfer did not immediately respond to Reuters requests for comment.
Source: Reuters (Reporting by Pretish M J in Bengaluru; Editing by Savio D’Souza and Mrigank Dhaniwala)

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