The company will no longer be involved in the spot market and is pulling out of the Baltic panel.

The main reason is the departure of brokers from L&S in recent years.

Director Anders Lalim of L&S Gas confirms he will continue to concentrate on sale and purchase, newbuildings and projects.

The latest gas brokers to leave L&S for compatriot Fearnleys were Henrik Konow Verlo and Eirik Schone Ness who moved in October.