JPMorgan Chase Resumes LNG Trading Talks

(Reuters) – JPMorgan Chase (NYSE:JPM) is in discussions to resume trading physical liquefied natural gas (LNG) after more than a decade, according to a Bloomberg News report on Wednesday, citing sources familiar with the matter.

The bank is reportedly in talks with at least three Gulf Coast projects to secure a long-term LNG supply. These projects include:

• A liquefaction and export facility at the Commonwealth LNG site in Louisiana.
• Sempra Energy (NYSE:SRE)'s ongoing construction site in Texas.
• The Energy Transfer (NYSE:ET) facility in Louisiana.

As of now, Energy Transfer has not responded to Reuters’ requests for comment.

JPMorgan, Sempra, and Kimmeridge Energy Management, which owns Commonwealth LNG, have also chosen not to comment on the situation.