The deal marks the continued growth of Barclays Capital LNG Services for providing solutions for clients in the expanding LNG industry. ENI USA Gas Marketing has capacity and storage rights at Cameron LNG Terminal in Hackberry, Louisiana.
Under a gas marketing and optimization arrangement between the parties, Barclays Capital will market gas supplied via this capacity for delivery downstream. Barclays Capital will also have the right to supply LNG to ENI at Cameron.
Henry Weitzner, head of Gas & Power Trading for North America at Barclays Capital, said: “This transaction demonstrates how Barclays Capital’s active participation in the physical gas and LNG markets can generate material value for our clients by providing complementary transactions.”
