Gazprom M&T and Marubeni Sign Agreement
OREANDA-NEWS. January 21, 2010. Following up on the Cooperation Agreement announced in December 2008 between the two companies, Gazprom Marketing & Trading is pleased to announce that it has signed a Comprehensive Emissions Reduction Agreement with Marubeni Corporation, a leading player in the Japanese and global carbon market. Under the agreement, Gazprom Marketing & Trading will supply Emission Reduction Units (ERUs) under the Kyoto Protocol from its extensive global carbon projects portfolio to Marubeni as its exclusive partner for the Japanese market. This brings together Gazprom Marketing & Trading’s leading carbon sourcing and marketing advantage with Marubeni’s extensive access to the Japanese carbon market.
Arthur Tait, Director of Global Carbon at Gazprom Marketing & Trading, commented that this transaction with Marubeni strengthens the company's status as the preferred carbon supplier and marketing company for global companies, organizations as well as governments, utilizing its existing long-term relationships as a member of the Gazprom Group to bring an integrated carbon solution which spans all markets including Japan. "Together with Marubeni, we are now able to bring our growing portfolio of carbon credits to one of the most desirable markets - Japan - in the most efficient way ", Mr Tait added.
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