Online trading for spot LNG coming soon – GLX exec

GLX Chief Executive Damien Criddle says it will take one or two years to change the way gas is traded. (GLX)

Global LNG Exchange (GLX) plans to launch a new online LNG trading platform in Singapore this October. Damien Criddle, GLX’s chief executive, explained to Interfax Nautral Gas Daily how he thinks it will transform the traditional gas trading business.

Interfax Natural Gas Daily: Why are you launching GLX?

Damien Criddle: LNG offtaking has been fairly traditional for a long time in terms of bilateral agreements and bespoke contracts. Over the past three-to-four years the market has fragmented. There is huge [...] change under way [...] with the...