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Lukoil's Litasco Bulks Up LNG, Power Trading Desks Amid Clean-Fuels Boom


Lukoil’s Litasco Bulks Up LNG, Power Trading Desks Amid Clean-Fuels Boom
Bloomberg
1/26/2021
Laura Hurst
(Bloomberg) Litasco SA is adding traders to its gas and power business as it looks to expand into lower-carbon fuels.
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The Swiss arm of Lukoil PJSC is bulking up with a series of hires and an eye on possible asset investments, Chief Commercial Officer Matt Holme said. It’s the latest commodities firm to bolster its liquefied natural gas and power desks as part of a long-term energy-market shift toward electricity and renewables.
“The purpose is to diversify our portfolio into a wider array of energy products with a focus on lower carbon intensity, but to also find synergies with our existing businesses,” Holme said in an interview. The executive recently took on a new role himself, having been promoted from head of crude oil. ....

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