Macquarie Expands LNG Business by Ramping Up Physical Trading

Macquarie Group Ltd. aims to boost its liquefied natural gas business by ramping up physical trading, the latest effort by the bank to capture a larger share of the fast-growing market.

The company is pursuing long-term LNG supply deals of up to 10 to 15 years, according to people with direct knowledge of the matter. The strategy also involves taking positions in shipping and assets, they said, asking not to be identified as the plans have not been made public.