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Swiss traders emerge from fringe to grab US$10b slice of LNG market

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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.

London

SWISS trading houses are muscling in on the global market for liquefied natural gas (LNG), until now the preserve of energy giants, and are expected to grab a US$10 billion share of the rapidly growing business this year.

Trafigura, Gunvor, Vitol and Glencore are all shaking

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