EDF Trading loads its first LPG cargo

EDF Trading, a wholly-owned subsidiary of EDF S.A., has loaded its first LPG cargo from the Enterprise owned terminal in Mont Belvieu, Texas.  The vessel (a VLGC – Very Large Gas Carrier) will deliver 45,000MT of fully refrigerated propane to end user clients of EDFT in Asia.

This shipment follows an agreement signed by EDF Trading and Enterprise Products Partners in May 2014 for long-term LPG export capacity from terminal facilities located on the US Gulf Coast.

“We have been developing our LPG activities over the past several years and now have a fully integrated trading, origination and logistics business in Houston, London and Singapore focusing on the South/Central American, European and Asian Markets,” said Philipp Büssenschütt, Chief Commercial Officer, Origination and Business Development at EDF Trading.  “We have a long term agreement in place to deliver US sourced LPG to an Asian end user and this is our first cargo,” he continued.

“This is a new offering for our global energy customers providing a link to the US gas market,” said John Rittenhouse, Chief Executive of EDF Trading.  “LPG and LNG are key markets for EDF Trading and we plan to increase our export capacity for these two products,” he continued.

EDF Trading is one of the largest natural gas marketers and storage lessors in North America holding transportation agreements with pipelines throughout the region.

EDFT has a long-standing presence in the Far East operating from Singapore since 2003 and supplying wholesale fuels to industrial customers and utility partners throughout the Asia-Pacific region. EDFT is particularly active in supporting the growing demand for LNG in Japan, Korea and countries throughout Asia and recently entered into an agreement with KOGAS for the European optimisation of up to 4MT of LNG over eight years.

For further information, please contact:

EDF Trading
Michele Reid, Head of Communications
Tel: +44 (0) 20 7061 4232

About EDF Trading
EDF Trading is a leader in the international wholesale energy markets. It manages a portfolio of assets which give it the ability to source, supply, transport, store, blend and convert physical commodities around the world.  These capabilities enable EDF Trading to deliver essential asset optimisation services, risk management and wholesale market access to the EDF Group and its third party customers, helping them to realise the value inherent in their asset portfolios.

EDF Trading is active in the electricity, natural gas, LNG, LPG, coal and freight and environmental products markets.  It is one of the largest wholesale market traders in Europe for power and gas and one of the leading marketers of gas and power in the US.  Its subsidiary, EDF Energy Services is one of the main providers of generation services for power generation companies in the US and a leading US energy retailer for large commercial and industrial customers.

EDF Trading is a 100% owned subsidiary of EDF, the world’s biggest electricity generator.

EDF Trading has around 950 employees with offices in the UK, Europe, Singapore, China, the United States and Canada.