Chairman and CEO of Koch Industries Charles Koch. Image courtesy of Koch Industries.

Norway’s Statoil signed a two year deal to supply two billion cubic meters of gas per year to Kansas-based Koch Supply & Trading (KS&T).

The total value of the deal has not been released.

Statoil will deliver gas to a number of KS&T’s European locations, KS&T said Monday.

In 2012, KS&T launched its Europe, Middle East and Africa natural gas business and LNG trading arm.

The LNG business is based in London and has offices in Dubai, Houston, Rio de Janeiro and Singapore.

KS&T trades crude, LNG, ethanol, natural gas, emission allowances and refined products and derivatives.

KS&T is part of Koch Industries.

Koch Industries is the second largest private company in the United States with an annual revenue of about $115 billion.

The company is headed by billionaire brothers Charles and David Koch.

Earlier this year, the Koch brothers were included in Time Magazine’s list of the most 100 influential people in the world.


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