Liquified Natural Gas (LNG)

Introducing Liquified Natural Gas (LNG) Transaction Capability on COMET

COMET now supports spot LNG trading, and this new capability facilitates these transactions by allowing users to:

  • Electronically and confidentially structure all their transactions, tenders and cargos.
  • Privately publish the structure to any pre-screened COMET counterparts via a one-to-many request for price.
  • Negotiate the terms of the transaction via multiple one-to-one confidential negotiations until the originator accepts or rejects a particular transaction.
  • Receive an automated transaction confirmation with full transaction details.
  • Generate a comprehensive transaction audit trail to help meet a variety of audit and regulatory compliance standards.

 

What are the Benefits of COMET for the Liquified Natural Gas (LNG) Market?

COMET offers a wide variety of benefits to LNG market participants such as:

  • No standardized contracts. All transaction terms are customized by the user, tenders or cargos
  • 280+ companies now access COMET in North America, including over 60 LNG market participants
  • Completely confidential, bilateral negotiation and execution process
  • No cost to own, implement or use COMET; only parties to a successful execution will owe transaction fees
  • Confirmations, trade capture and full audit trail provided for deal documentation and straight through processing into other systems
  • Adjacent services available to help users address other challenges around the transaction (price discovery, logistics, transaction facilitation, etc.)
  • Transaction facilitation performed by Market Advocates dedicated to COMET subscribers
  • Intuitive and easy to use

 

 How Do I Find Out More?

Schedule a FREE consultation

Get a Free Consulatation