The author of this article has a short position in the company
[munger]
The entities active in trading in the gas and power markets are very diversified in terms of size, strategies and creditworthiness. Gas and power transactions involve flows and potentially a large number of overlapping individual transactions. What is credit exposure in trading markets ? What’s the exposure of Cheniere Energy on Trafigura and what can go dead wrong from start to finish with Trafigura Pte’s 15-year LNG SP&A –
The Trafigura 15-year LNG SP&A deal.
January 16 2018. Cheniere Marketing, LLC (“Cheniere Marketing”) has entered into a liquefied natural gas (“LNG”) sale and purchase agreement (“SPA”) with Trafigura Pte Ltd...

