26th August 2011 – South Hook Gas has signed a framework agreement with Trafigura for access to spare LNG import capacity at the South Hook Terminal.
The company already delivers gas to ExxonMobil Gas Marketing Europe and has regasification services agreements with Total Gas Power, ConocoPhillips and EGL.
Rashid Al-Marri, General Manager at South Hook Gas said, “We are delighted to sign this capacity agreement with Trafigura which demonstrates our commitment to helping the UK become a more competitive market for gas.”
South Hook Gas has supplied gas every day into the UK market since commencing operations in 2010, helping to improve security of supply. In little over a year, the company has the ability to supply around 20% of the UK’s gas.
LNG is a flexible and safe energy source that can provide reliable back-up to intermittent renewable energy supplies such as wind and solar. As one of the cleanest burning hydrocarbons, natural gas can also help the UK to achieve its greenhouse gas emissions targets as it produces around 50% less CO2than coal.
For media enquiries about South Hook Gas,
contact Daniel Schraibman
Office: +44 20 7234 3510
Mobile: +44 7787 418 664
Switchboard: +44 207 234 3500
Notes to editors
About South Hook Gas
- South Hook Gas (SHG) is an LNG import company and terminal shipper, which owns and manages all of the regasification capacity as well as System Entry Capacity at the South Hook LNG Terminal at Milford Haven in Wales.
- Established in 2004 and based in London, SHG is a joint venture between Qatar Petroleum (70 per cent) and ExxonMobil (30 per cent).
- Trafigura is one of the world’s leading international commodity traders, specializing in the supply and transport of crude oil, petroleum products, renewable energies, coal, refined metals, ferrous and non-ferrous ores and concentrates.
- Established in 1993, Trafigura is owned by its founding shareholders and senior management. The company has achieved substantial growth in recent years, growing turnover from US$18 billion in 2004 to US$79.2 billion in 2010.
- Trafigura employs over 6,000 people globally and operates from 67 offices in 44 countries.