JPMorgan's Cheniere Marketing Deal

摘要

The "domestic marketing agreement" Cheniere inked last month with JPMorgan involving LNG from the new Sabine Pass terminal appears designed mainly to do two things: Give financially troubled Cheniere the benefit of JPMorgan's credit rating so that it can handle credit transactions involved in importing LNG, and provide LNG market exposure to the energy trading operation JPMorgan obtained as part of its fire-sale purchase of Bear Stearns.