GLX_Digital

GLX Digital

GLX Digital

Singaporean liquefied natural gas exchange

GLX is a liquefied natural gas exchange in Singapore.[1] The GLX platform, also known as the Global LNG Marketplace, allows members to post offers to sell or requests to buy cargoes, and then let other participants anonymously bid on proposals. The platform was launched in October 2016.[2]

GLX Platform

GLX operates the platform in Singapore, with auctions being conducted based on either Singapore or London time. Parties initiating an auction set the commercial terms, including a reserve price, and select the counterparties they wish to invite into the auction. Successful auctions result in binding sales contracts.[3]

Management

GLX was founded by Damien Criddle, who also serves as its chief executive officer.[4] The company is chaired by Rob Cole, a former executive director of Woodside Petroleum. Other executives include EVP - business development and strategy Cameron Whitton and director Dr Philip Home.[5]

References

  1. [1]
    "LNG Trading Meets EBay as Startup Launches Online Auction". Bloomberg. September 2016 – via www.bloomberg.com.
  2. [2]
    "Online trading for spot LNG coming soon – GLX exec". 19 September 2016.
  3. [3]
    "GLX Digital Platform to Transform LNG Sales - Business Wire" (Press release). 24 October 2016.
  4. [4]
    "GLX disrupts gas trading".
  5. [5]
    "Perth team leads LNG exchange". 5 September 2016.


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