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Gunvor Appoints Stephane Caudron as Head of LNG

Gunvor International B.V. (“Gunvor”), one of the world’s major independent energy companies announces Stephane Caudron will be starting on 1 January 2010 as Head of LNG.

Mr. Caudron will join Gunvor from RBS Sempra where he was also Head of LNG. He brings more than 25 years experience in the Natural Gas markets having previously held senior positions in Gaz de France, where he was latterly Managing Director in charge of projects and EPC and Statoil where he developed downstream gas and LNG projects for the major in France and Southern Europe and was at the forefront of gas market deregulation in Europe. He will be based in Geneva.

Commenting on the announcement, Paymon Aliabadi, Head of Gunvor’s Global Energy Division said, “We are delighted that Stephane will be joining us. As Gunvor diversifies from purely oil trading into being a fully integrated energy trading company, Stephane is typical of the quality of individuals who are joining the company. He is a fantastic addition to our recently established Global Energy Division.”