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29 Mar 2021 / Singapore
GAC has partnered with Spark Commodities Pte Ltd (“Spark”) to support them by providing port cost data for their LNG trading platform to promote greater accuracy in overall pricing.
Spark’s technology-based solutions help to promote liquidity in the LNG market. The Spark LNG freight platform provides a freight index and associated tools that allow the market to better understand a critical part of the LNG value chain.
“LNG is a critical element of the global energy mix today, and we are excited to be a part of Spark’s robust platform which provides a wealth of useful information and data that will benefit the LNG trading and shipping community,” says Henrik Althén, Managing Director of GAC Singapore.
“We are pleased that our connection with Spark will assist their customers to trade more effectively. It will also enable them to click through to GAC from the platform, whenever they need additional information or operational support for their physical cargoes.”
“High quality data is critical to our customers” says Tim Mendelssohn, Managing Director of Spark. “By partnering with GAC, we ensure that we can provide timely and accurate port costs and associated data via our platform, leveraging GAC’s global expertise and reach in the LNG industry. It enables our calculations to be more granular and also gives us the opportunity to develop additional tools that can add value to both Spark and GAC customers.”
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