PetroChina Weighs LNG Trading Plan After Hiring Puga in LondonChou Hui Hong and Anna Shiryaevskaya
PetroChina Co., a publicly traded unit of China National Petroleum Corp., is considering options for developing a liquefied natural gas trading desk, according to Alfonso Puga, the head of LNG at the company’s London unit.
“We’re planning, it depends on our needs and demands, how we’re going to be structured,” Puga said in an interview in Amsterdam yesterday. He joined PetroChina two months ago.
CNPC is China’s biggest oil and gas producer. PetroChina operates a 3.5 million metric-ton-a-year LNG terminal at Rudong in eastern China, a 3 million ton receiving facility at Dalian and the 3.5 million ton Tangshan plant, according to data compiled by Bloomberg.