Banks Develop Taste For LNG Trade - Physical And Financial

摘要

Cheniere Energy's announcement last month that it is teaming up with Wall Street giant Morgan Stanley in an effort to procure LNG for its US Gulf Coast terminal projects is vague on the specifics of the trading relationship envisaged,but it has exposed a clear vein of interest by many large financial institutions in LNG trade at all levels."Since LNG is going to play a much bigger part in natural gas trading in the future,banks feel like they have to get involved in LNG to support their existing gas trading activities,"says a commodity trading manager affiliated with another large Wall Street firm that's heavily invested in physical energy trading.