Oz GLX Gets First LNG Bid on European Platform

Commodity trader Trafigura June 20 placed the first bid on LNG trading marketplace GLX’s Europe LNG bid-offer platform a day after its launch, GLX said June 21.

The firm bid was placed by Trafigura directly into the marketplace in real-time, following the platform’s launch. "Trafigura participation underpins the company’s strategy to bring greater transparency and liquidity to the LNG market," GLX said.

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 was launched in 2016 and its LNG trading platform became operational the following year. Woodside became a foundation member of GLX in July 2017.