Essar pioneers online tool to hedge LNG price swings
Essar Group concluded the world’s first online reserve auction for liquefied natural gas, a canny move in an uncertain market.
For those in the commodity and energy businesses, or in the industrial manufacturing sector, liquefied natural gas (LNG) should be a familiar term – the liquid fuel is used in the production of industrial goods such as steel, and can also be used to power container ships and freight trains.
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