JP Morgan LNG launch shows growing interest in market

JP Morgan’s move into liquefied natural gas (LNG) last week is indicative of growing interest and expectations for the future of the sector.

JP Morgan announced its first foray into the LNG market last week under a partnership with Houston-based Cheniere Energy on a multi-year LNG agreement. It will gain capacity rights at Sabine Pass in Louisiana, the largest LNG terminal in North America, as well as business opportunities originated through Cheniere’s LNG marketing team.

Cheniere Energy owns and operates the Sabine Pass LNG receiving terminal and Creole Trail pipeline in Louisiana. A major North American hub, the Sabine Pass LNG