Just two weeks after signing a US LNG supply deal with Chesapeake Energy, Swiss commodity trader Gunvor has said it is planning to expand its trading operations in the United States, with the development of a major power trading arm, Reuters reports in an exclusive interview with Gunvor’s CEO. After banking big profits since 2020–along with other commodities traders–Gunvor is now keen to replicate its European power-trading practice in the U.S., where it set up a power desk in 2022 that it has been gradually staffing. "Power is…
