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Insight: Once fringe players, Swiss traders grab $10 billion slice of LNG market

Reuters  |  LONDON 

By Oleg Vukmanovic LONDON (Reuters) - Swiss trading houses are muscling in on the global market for liquefied natural gas, until now the preserve of energy giants, and expect to grab a $10 billion share of the rapidly growing business this year.Trafigura, Gunvor, Vitol and Glencore are all shaking up a decades-old system dominated by Western oil majors and state energy producers which sell LNG directly to large consumers on long-term contracts.They plan 2017 shipments that will be more than triple the 2015 level, according to Reuters calculations based on figures for the four traders provided ...

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First Published: Tue, September 12 2017. 18:37 IST