JPMorgan looks to resume trading physical LNG, Bloomberg News reports
2024.10.23 13:06
(Reuters) – JPMorgan Chase (NYSE:) is in talks to resume trading physical liquefied (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 (NYSE:)’s under construction site in Texas and Energy Transfer (NYSE:) facility in Louisiana, the report added.
Energy Transfer did not immediately respond to Reuters requests for comment.
JPMorgan, Sempra and Kimmeridge Energy Management, which owns Commonwealth LNG, declined to comment.
