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.
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Energy Transfer did not immediately respond to Reuters requests for comment.
JPMorgan, Sempra 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)
