But what if a European gas customer was not thinking about having a gas input cost comparable to its European peers? “The real rationale [of entering the LNG market] is to support the economics of the businesses we are in,” says David Bucknall, CEO of Ineos Energy. So its plans to build an LNG trading operation should be seen simply as an extension of this competency, says Bucknall. The new team will also be co-located with the ethane trading business to benefit from existing freight expertise. It is a classic marketing and trading business, and we are talking to a number of large companies.”

Source: The North Africa Journal June 24, 2022 10:31 UTC