Trafigura takes on Teesside LNG terminal

Trader Trafigura is investing $30m and has taken a long-term lease in the Teesside LNG import facility of UK’s northeast coast.

The facility, which was formerly set up and controlled by Excelerate Energy in 2006 but has since been decommissioned, has been used to ship in LNG cargoes via LNG regasification vessels.

A spokeswoman for Trafigura confirmed to TradeWinds that the company has taken a long-term lease from PD Ports on the terminal site.

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