TruMarx Data Partners, Inc., developers of the COMET energy marketplace, and LNG Alliance (Singapore) have signed a memorandum of understanding (MOU) to support LNG Alliance’s business objectives with software and data solutions, including the COMET Marketplace for the LNG/gas trading and distribution platform in India.
LNG Alliance (Singapore) is engaged in the development of India’s virtual gas pipelines, downstream gas market integration in the east coast of India and LNG bunkering initiatives in the west coast of India. This understanding underscores the TruMarx commitment to providing the most valuable and robust energy trading solutions to the industry in consultation with its leaders.
TruMarx’s Chief Executive Officer Jon Olson commented, “We welcome the opportunity to provide our solutions to LNG Alliance to further their groundbreaking work.”
Muthu Chezhian, CEO of LNG Alliance commented, “Based on our in-depth evaluation of the various softwares and trading platforms available in the market for gas and LNG transactions, COMET ranked top. It provides us with an integrated transactional visual platform for price discovery mechanism, ability to negotiate the terms through confidential one-to-one secure space, and comprehensive transaction compliance, built on best industry practices. The complex and fast emerging gas/LNG demand in India, combined with the wide range of client needs, makes COMET the right fit for us.”
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/08102020/lng-alliance-signs-with-comet-for-india-gas-distribution-plans/