The more active LNG spot trade of the last couple of years has encouraged a new breed of LNG player, turning Western investment banks into cargo traders.With a wealth of experience in LNG trade finance and hedging, as well as trading in oil and other commodities, banks are wading into LNG markets both to turn a quick profit helping China and India meet rising spot demand and also to open doors for more trade finance and hedging. But many Asian and Western LNG players are suspicious, particularly in conservative Japanese circles where expertise and long-term relationships are highly valued.
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