LNG Trading Meets EBay as Startup Launches Online Auction

Updated on
  • Former Shell lawyer hoping GLX will add transparency to trade
  • Spot and short-term deals growing as portion of LNG market

A liquefied natural gas (LNG) tanker berthed at a power plant in Japan.

Photographer: Tomohiro Ohsumi/Bloomberg

A group of liquefied natural gas industry executives is launching a digital platform that will allow LNG traders to buy and sell spot cargoes via online auctions.

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