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Commodities

PetraDec Expands LNG Trading Presence in Europe

Guavy AI Editorial Team
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Natural Gas
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Petredec Ltd., a Singapore-based energy and shipping firm, is expanding beyond its core liquefied petroleum gas business by building a team of liquefied natural gas traders in Europe.

The company plans to hire as many as four people across London and Monaco, including traders, originators, and shipping specialists, as well as about two additional staff in Singapore over the next 12-18 months, said Chief Commercial Officer Jonathan Fancher.

Petredec's new LNG entity, Endeavour LNG, was added to the European Union's ACER register of wholesale energy market participants in August, paving the way for the company to trade in European wholesale energy markets.

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