LNG trading platform Spark Commodities has moved into testing phase and is gearing up to go live.
Backed by data intelligence company Kpler and EEX Group-controlled Powernext, Singapore-based Spark is aiming to apply technology to the LNG market so players are able to hedge their freight rates.
Spark managing director Tim Mendelssohn, who formerly worked with Koch Supply & Trading and BP on LNG, is adamant the new venture is not trying to cut out shipbrokers or other interested parties.
