John McKay

The creation of an LNG financial derivative and a liquid market for trading a cargo-based contract is a challenge facing an industry which up to now has traded its commodity based solely on the value of pipeline natural gas or crude oil.

International Mercantile Exchange Holdings (IMEX), the developers of an energy bourse in Qatar, is considering creating a derivative to service the spot LNG cargo market and has hired Steve McMillan, former European head of global inter-dealer brokerage GFI, as its Chief Executive.

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