JPMorgan Chase & Co. traded 20 spot liquefied natural gas cargoes as of Dec. 1 with 15 clients, according to Andrew Slocum, executive director of LNG marketing and trading in global commodities.
“I’ll be surprised if next year we didn’t do something strategic and large in LNG,” he said today at the World LNG Summit in Barcelona.
JPMorgan’s commitment to LNG will focus on “physical trading, marketing and hard assets,” Slocum said. It won’t involve “upstream equity investment.”
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