In its annual results for the year ended 30 September 2015, Trafigura has announced that its LNG volumes more than doubled compared to the previous year, from 1.7 million t to 4.2 million t.
The company’s Oil and Petroleum Products Division also noted increased trading volumes across crude and refined products.
The report read: “Trafigura was well positioned to grow its LNG book profitably during the year. We more than doubled traded volumes and developed significant new markets and customer relationships. We grew the team in Geneva, Houston and Singapore.”
The report continued: “Looking forward, we see the LNG market continuing to grow in size and liquidity, with new American and Australian export flows likely to be a key focus on the supply side and European imports playing an important role in balancing demand. Our strategy is to maintain profitable volume growth, to provide innovative and flexible products to our clients and to invest opportunistically in infrastructure where we can add value.”
Edited from various sources by Callum O'Reilly
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/15122015/trafigura-announces-increase-in-lng-volumes-1769/