JPMorgan in Talks to Resume Physical LNG Trading After Decade-Long Hiatus: Report
10/23/2024
(Reuters) — JPMorgan Chase 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 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.
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Pipeline Project Spotlight
Owner:
East African Crude Oil Pipeline Company
Project:
East African Crude Oil Pipeline (EACOP)
Type:
TotalEnergies in discussions with a Chinese company after Russian supplier Chelpipe was hit by sanctions.
Length:
902 miles (1,443 km)
Capacity:
200,000 b/d
Start:
2022
Completion:
2025
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