Units of Petronas, Gazprom team up


KUALA LUMPUR: Petgas Trading (UK) Ltd, a British subsidiary of Petronas, announced yesterday that it had entered into a number of collaborative ventures with Gazprom Marketing & Trading Ltd, a Britain-based unit of Russian gas giant, OAO Gazprom.

In a statement, it said the collaboration initially focused on opportunities related to the recently-commissioned Dragon LNG terminal in Milford Haven, south Wales, in which Petgas Trading has a 50% share of the terminal’s LNG re-gasification capacity.

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