Egypt picks Glencore, Trafigura and B.B. Energy for LNG tender
(Adds comment from BB Energy)
MILAN, Sept 23 (Reuters) - Egypt has chosen Glencore (Frankfurt: 8GC.F - news) , Trafigura and B.B. Energy to supply three liquefied natural gas (LNG) shipments following a tender, trade sources said.
Egyptian Natural Gas Holding launched a tender two weeks ago to secure shipments for the rest of the year.
Trading house Glencore will deliver the October cargo, Trafigura the November cargo and B.B. Energy, a relative newcomer to LNG trade, will bring in the December shipment, traders said.
A spokesman for B.B. Energy confirmed that it was awarded the December shipment. The firm recently hired trader Navin Ganesh, who is based in Houston, Texas, from Trafigura.
B.B. Energy, a major distributor in Lebanon, also expanded its presence in Turkey this month with the acquisition of Turkish fuel retailer CityPet. (Reporting by Oleg Vukmanovic; Additional reporting by Julia Payne in London; Editing by Susan Thomas/Ruth Pitchford)