Gazprom Marketing & Trading Boosts UK Retail Strength.
PR Newswire Europe, July, 2007
LONDON, July 6 /PRNewswire/ -- Gazprom Marketing & Trading (GM&T), the UK based subsidiary of OAO Gazprom, today (Friday 6 July 2007), announced that it had completed the acquisition of Natural Gas Shipping Services (NGSS).
The acquisition comes a year after GM&T bought Pennine Natural Gas in Wilmslow, Cheshire, to gain entry into the UK gas retail market.
Announcing the move, GM&T Chairman Alexander Medvedev, said: 'The completion of our purchase of NGSS gives us a platform to continue the growth of a strong retail customer base in the de-regulated UK market. We believe that our organic growth will drive market competition whilst helping our customers to manage their energy requirements more cost efficiently'.
Vitaly Vasiliev, GM&T CEO,...
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