JPMorgan looks to resume trading physical LNG

10/29/2024

JPMorgan Chase is in talks to resume trading physical liquefied natural gas (LNG) after more than a decade. 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.

Energy Transfer did not immediately respond to Reuters requests for comment.