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Report: Goldman Sachs may buy LNG from Cheniere's Sabine Pass

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Report: Goldman Sachs may buy LNG from Cheniere's Sabine Pass

Goldman Sachs Group Inc. is in discussions with U.S. LNG pioneer Cheniere Energy Inc. to buy a tanker of LNG from the Sabine Pass liquefaction and export facility, The Wall Street Journal reported Aug. 8, citing "people familiar with the matter."

The global investment bank could ease pressures to boost results in its commodities arm by gaining a foothold in the growing U.S. LNG market, the report said. Goldman aims to quickly resell the gas to another party to mitigate risks associated with a long ocean voyage, according to the report.

Goldman traders started looking for an LNG contract in late 2017 and may also buy LNG from another company instead of Cheniere, the sources told the Journal.