The deal was signed by Arthur Tait, President and Managing Director, GM&T Singapore and Saad Abdulla Al-Kuwari, the CEO and member of the Board of Directors of Tasweeq in the presence of Gazprom Marketing & Trading representatives from London and Singapore, members of the Gazprom Representative Office in Qatar, and officials from the Russian embassy in Doha.
Commenting on this deal, Arthur Tait said: “We are delighted to grow our LPG business with Tasweeq even further in 2013. Tasweeq is now becoming an important part of our LPG portfolio and we look forward to working more closely in the future.”
Gazprom Marketing & Trading Singapore started operations in December 2009 as a platform for LNG trading and marketing, shipping and originating carbon reduction projects in the Asia Pacific markets. Since then the Singapore operation has grown to over 60 people as the business extends Gazprom’s reach beyond its core portfolio offering by launching trading desks in LPG and currency. GM&TS has secured its reputation in the market through actively trading across India, Japan, Australia, South Korea, Taiwan, China, Malaysia and Thailand.