CMS to Market Spanish Gas
CMS Energy Corporation's energy marketing unit, CMS Marketing, Services and Trading has signed an agreement with Gas Natural Trading of Spain whereby CMS-MST will become Gas Natural's exclusive agent to market cargoes of LNG into North America.
"We believe this contract will be the beginning of a long and fruitful relationship involving additional areas of mutual interest," said Tamela Pallas, president of CMS Marketing, Services and Trading. "This agreement will bring additional LNG to the North American market and ensure the optimum value for that commodity."
CMS Energy owns and operates North America's largest LNG import facility located at Lake Charles, La. and was recently ranked in the top 50 Best Places to Work in Houston by the Houston Business Journal, has 11,000 customers throughout the eastern and central United States and Canada. CMS-MST markets annually more than 600 billion physical cubic feet of natural gas, 3.7 trillion cubic feet of financial gas, 37,781 gigawatt-hours of electricity, 31 million barrels of oil and 9 million barrels of liquids. CMS Marketing, Services and Trading also provides energy management services, and for the previous year was rated first in customer satisfaction among 68 large U.S. gas marketers.