Analyst: LNG Spot Market Growing
Posted on May 24, 2007 in Markets and Competition | Comments Off on Analyst: LNG Spot Market Growing
An analyst with Merrill Lynch told attendees at the 6th Annual Platts LNG Conference that he believes the global spot market for LNG will continue to grow, eventually following the oil market model. Steve Hanan, director of global commodities and origination for Merrill Lynch, said that trading houses such as Merrill Lynch can participate in the LNG spot market in the short term by partnering with existing LNG players, and play a more significant role in the long term by acquiring physical LNG assets. See Platts LNG Daily for further coverage. [Subscription required]