JERA, the world’s largest buyer of LNG, has made its second acquisition of a key team from France’s EDF Trading (EDFT) – its LNG business.
The signing of the deal, which follows the purchase of EDF Trading’s coal business last year, will make JERA one of Asia’s biggest energy traders.
The two operations will be merged into Singapore-based JERA Trading (JERAT), which will subsequently be renamed JERA Global Markets.
JERA Trading is two-thirds held by JERA with EDF Trading holding the rest and will handle spot trades.
