Liquified Natural Gas (LNG)
Online Trading Liquified Natural Gas (LNG) on COMET
COMET now adds spot LNG trading, to its online commodity trading platform, the new capability facilitates 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 requirement for standardized contracts. All transaction terms are customizable by the user, tenders or cargos
- Proven platform with 280+ companies already accessing and trading on 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