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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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Norwegian LNG on Way to U.S.

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The latest LNG cargo to be loaded at Norway’s Hammerfest terminal has been dispatched to United States, according to shipping data.

The 165,500 m3 Maersk Meridian departed Hammerfest yesterday, and is expected to arrive at U.S. Sabinne Pass terminal on February 17.

Statoil said on January 20 that it has resumed production at the Hammerfest LNG plant following a temporary shutdown due to rupture of a firewater line.

The Hammerfest terminal has a capacity to produce 4.3 million mt/year of LNG.

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