ICAP, Gasteam America LP to form alliance focusing on LPG operations | Reuters

ICAP Energy and Gasteam America LP plan to announce on Thursday that they have formed a strategic business alliance to complement their respective liquified petroleum gas LPG operations, according to a news release obtained by Reuters.The agreement will allow Gasteam, a physical brokerage and international marketing and consulting firm, to benefit from ICAP Energy’s futures and derivatives expertise and infrastructure.ICAP Energy, the energy business of ICAP plc, will gain access to the international LPG markets by working with Gasteam’s futures and swaps clients, said the release, which has not yet been made public.Houston-based Gasteam is a participant in the growing export market for U.S. propane and other LPGs.

via ICAP, Gasteam America LP to form alliance focusing on LPG operations | Reuters.

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