Jon Olson, co-founder of TruMarx Data Partners Inc., believes the liquefied natural gas (LNG) business is “hamstrung” by antiquated processes to buy and sell the super-chilled fuel, but his company is among many that are racing to digitalize the space and boost liquidity with a modern trading platform.

NGI: Can you briefly explain TruMarx’s business and its online transaction platform?

Olson: TruMarx is the parent company and the developers of the Comet marketplace. Over the past 10 years, Comet has facilitated nearly a quarter of a million physical deliveries between its 300-plus subscribers, including multinational [and] national energy companies, banks, trading companies and utilities. The platform currently supports custom, confidential and bilateral transactions in 16...