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GLX LNG platform receives first firm bid in Europe

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LNG Industry,

Trafigura have placed the first bid on GLX’s Europe LNG bid-offer platform just a day after its launch.

The firm bid was placed by Trafigura directly into the marketplace in real-time.

Trafigura participation underpins the company’s strategy to bring greater transparency and liquidity to the LNG market.

Marc Howson, GLX’s Managing Director LNG Market Development, said the launch of the Europe bid-offer platform comes at an important time in the evolution of the LNG market.

“GLX exposes live LNG market sentiment through tailored transparency levels and counterparty invitation lists, matching LNG’s current evolution,” Howson said.

“European LNG market participants can now access executable real-time bids and offers, and can trade flexibly from 10 am to 4 pm London time, enabling parties to price against any of the commonly used LNG or gas indices and currencies.”

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