09-10-09 Petgas Trading (UK), a UK subsidiary of Malaysian oil and gas multinational Petronas reports a number of collaborative ventures with Gazprom Marketing & Trading, a UK subsidiary of the Russian gas giant Gazprom.
The collaboration initially focused on opportunities related to the recently commissioned Dragon LNG terminal in Milford Haven, South Wales in which Petgas Trading (UK) has a 50 % share of the terminal's LNG re-gasification capacity. The terminal is able to supply 6 bn cm of LNG importation annually, enough to cater to approximately 5 % of the UK's gas consumption.

The venture is strengthened by Petronas's more than 20 years of experience and leadership in various aspects of the LNG business value chain and Gazprom Marketing & Trading Limited's strong position as a leading gas trader in the UK and northwest European gas markets.
In addition, both companies' affiliate trading entities are well positioned to deliver LNG cargoes into the terminal, which will enhance the terminal's utilization and facilitates greater diversity and security of supply to the UK market as a whole.