Gazprom has purchased the supply business of Pennine Natural Gas Limited with a view of expanding direct retail gas sales to UK commercial and industrial consumers.

The transaction was executed by Gazprom Marketing and Trading. In the nearest future, Gazprom will be working with Pennine Natural Gas Limited to transfer some 600 customers to Gazprom Marketing and Trading.

Gazprom Marketing and Trading also entered into an agreement with Natural Gas Shipping Services Limited to be responsible for administering Gazprom’s gas supply to UK end customers.

Reference:

Part of the Gazprom Group of companies, Gazprom Marketing and Trading was established in the UK in 1999 and has all the licenses indispensable for gas supply to end users in various industrial sectors.

Pennine Natural Gas Limited (PNG) is the marketing company engaged in retail gas trading to 900 end customers in the UK. In 2005 PNG’s gross receipts accounted for GBP 1.7 mln.

Natural Gas Shipping Services Limited is the company providing natural gas supply administration services to six large gas distribution companies supplying gas to various industries in the UK. NGSS’ 2005 gross receipts stood at GBP 1.2 mln.