HOUSTON--(BUSINESS WIRE)--Standard Delta (the “Company”), an energy and commodities firm with operations in the US, Europe and Asia, announced it is expanding its Supply & Sales Division to include physical trading operations in the Mideast. The Company has plans to open a regional office in Dubai, UAE, to support client growth in the gas liquids market and to further complement its presence in global crude trading and marketing.
Standard Delta executive J. Alexander Blackman will oversee the regional expansion that includes commodity product lines including liquid petroleum gas (LPG), natural gas liquids (NGLs) and liquefied natural gas (LNG). The Company points to increasing worldwide demand for plastics and processing, particularly in Asia, as the main factor for the increase in physical gas volumes traded - as seen from energy trading hubs in Houston, London and Singapore.
Through a company spokesman, Blackman said, “We are excited to have the opportunity to grow with key energy clients in the lowest-cost producing region in the world. This expansion reflects our commitment to the global gas liquids market and the immense opportunities an active presence in The Gulf will afford Standard Delta.” Mr. Blackman was recently quoted in both The Wall Street Journal and Morningstar on growing LNG exports and their influence on gas prices.
ABOUT THE COMPANY:
Standard Delta is a privately held energy, commodities and investment company. The Company engages in a variety of oil and gas businesses, including, but not limited to physical trading, spot brokerage, supply marketing, refinery procurement, logistics, as well as energy asset management and investment. Standard Delta participates in various types of transactions, on both agent and principal basis, across the energy supply chain.
Standard Delta is an active contributor to charitable causes that improve the communities in which it operates.
For more information, please visit: www.standarddelta.com