Egypt Picks Glencore, Trafigura & B.B. Energy for LNG Tender

Egypt has chosen Glencore, 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.