TruMarx Data Partners, developers of the COMET energy marketplace, and LNG Alliance (Singapore) have inked a cooperation MoU.
Under the agreement, TruMarx Data Partners will support LNG Alliances business objectives with software and data solutions including the COMET Marketplace for the LNG/Gas trading and distribution platform in India.
LNG Alliance (Singapore) is engaged in the development of India’s virtual gas pipelines, downstream gas market integration in the east coast of India and LNG bunkering initiatives in the west coast of India.
Commenting on the platform, Muthu Chezhian , CEO of LNG Alliance said, “Based on our indepth evaluation of the various softwares and trading platforms available in the market for gas and LNG transactions, COMET ranked top. It provides us with an integrated transactional visual platform for price discovery mechanism, ability to negotiate the terms through confidential one-to-one secure space, and comprehensive transaction compliance, built on best industry practices.”
He added that India’s gas/LNG demand is complex and fast emerging.