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Koch Supply & Trading Launches Global LNG Trading Business

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Koch Supply & Trading Sárl said that it has launched a global gas trading business.

Stephen Cornish has joined Koch Supply & Trading Sárl to build the global trading and marketing business for liquefied natural gas, natural gas and related commodities.

Koch companies have a long track record of excellence in the natural gas markets,” Cornish said. “This venture into the international gas markets is a way to link its global portfolio to benefit its suppliers and customers. We believe this step into the international gas markets provides a strong counterparty for producers and customers alike.

We will build out our operations in Asia, Europe and the Americas to the high standard that Koch Supply & Trading has set and look forward to working with our counterparts. This is a very exciting venture for us.”

Koch Supply & Trading also said that  it plans to build a Europe-wide natural gas business from Geneva and an LNG trading business from offices in Houston, London, and Singapore. Origination and marketing support locations are also planned for the near future in East Asia, the Middle East and Latin America.

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USA: Sierra Club Opposes Cove Point LNG Export Plans

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The Sierra Club filed Monday the first formal objection with the U.S. Department of Energy against the export of domestic gas produced from fracking.

This is the third LNG export facility the organization has opposed.

Facilities in Coos Bay, OR, Sabine Pass, LA and Cove Point, MD are the first three challenged by the Sierra Club.

The filing challenges the export of Marcellus shale gas and others from Cove Point, MD facility, citing that exports would raise gas and electricity prices nationally and expand natural gas fracking.

The filing also called for a full Environmental Impact Statement on the effects of increased Marcellus fracking that would be brought on by this export proposal.

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