The Prax Group has successfully overseen delivery of its first cargo of LNG (liquefied natural gas). Around 75,000 MT of LNG aboard the Golar Bear LNG tanker was discharged at a terminal in Japan, with the cargo sourced from the Middle East.
Sanjeev Kumar, CEO of the Prax Group, said: “I am delighted that the Prax Group has begun to supply LNG, with a comprehensive and competitive offering. The Group first began trading in LNG in 2019, demonstrating our commitment to building a reliable supply chain to meet the demands of our customers, a growing proportion of whom are looking for cleaner, greener fuel alternatives. This expansion is part of our progression towards making the Prax Group a leading player in the global fuel market.”