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Tue 30 Mar 2010, 11:12 GMT

GAC signs multi-service agreement


Worldwide multi-service agreement signed with LNG shipping firm.

Gazprom Global LNG Ltd has signed a worldwide multi-service agreement with global shipping, logistics and marine services provider GAC.

Gazprom Global LNG is a 100% indirect subsidiary of OAO Gazprom, the world's largest natural gas company by reserves. Its activities include global trading and shipping of own and third-party LNG and business development of various LNG projects. It operates from offices in Kingston-upon-Thames, UK and Singapore.

The deal takes advantage of the GAC Group's diverse suite of services for the oil and gas industry, ranging from ship agency, bunker fuels, weather routing and vessel performance management to maritime training.

Sami Younis, GAC's Marketing Manager - Shipping, said: "This deal with Gazprom Global LNG bears witness to the value of GAC's full range of specialised and integrated services to the energy industry that can be tailored to meet the varying and evolving requirements of every client, helping them to reduce costs and increase efficiency.

"We are pleased and proud to become Gazprom Global LNG's chosen partner and look forward to a long and mutually rewarding relationship, supporting their ongoing international expansion."

Frederic Barnaud, President and Managing Director of Gazprom Global LNG, added: "We are pleased to conclude this agreement with GAC and look forward to working together, thus extending the global reach and efficiency of our LNG shipping operations."

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