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JPMorgan looks to resume trading physical LNG, Bloomberg News reports
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JPMorgan looks to resume trading physical LNG, Bloomberg News reports
Oct 23, 2024 10:29 AM

(Reuters) - JPMorgan Chase ( JPM ) 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 ) facility in Louisiana, the report added.

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

JPMorgan ( JPM ), Sempra ( SRE ) and Kimmeridge Energy Management, which owns Commonwealth LNG, declined to comment.

(Reporting by Pretish M J in Bengaluru and additional reporting by Vallari Srivastava; Editing by Savio D'Souza and Mrigank Dhaniwala)

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