Global Solutions for Business - 13
Oil and Gas | Business Focus
Pacific Summit Energy Experiences Energy Trading and Marketing Success
In 2004, Sumitomo Corporation of Americas established Pacific Summit Energy (PSE) to expand its presence in
the North American energy industry. PSE was created out of fusing three key components to establish the
business: SC's global energy resources & expertise, the Company's proven financial strength, and a local
management team with over 20 years in natural gas marketing and trading experience. PSE now transacts
with producers, industrial and commercial end-use customers, electric generators, gas distribution utilities and
wholesale customers in natural gas, electric power and related energy businesses.
Trading Power
PSE trades natural gas and power with over 350 counterparties including Fortune 500 companies, utilities
and major natural gas producers in more than 25 states across the U.S. PSE also engages in providing supply
aggregation and credit support to retail marketing companies in the deregulated energy markets. PSE's growth
continues to trend upward, with sales in FY2013 alone reaching approximately $3.2 billion. Its commercial
and trading activities are primarily conducted in its office in The Woodlands, Texas, whereas the risk,
credit, accounting and legal departments are based in its Newport Beach, California, office.
Within a relatively short time frame, PSE has built a solid reputation and has been recognized
as one of the important players in the midstream natural gas and power community.
The existence of an energy marketing & trading affiliate like PSE also provides additional
advantage to other Sumitomo Corporation Group companies involved in the new oil
and gas exploration boom in the U.S.
Liquefied Natural Gas
Sumitomo Corporation, through its subsidiaries, has 30 years of experience in
trading, transporting and marketing liquefied natural gas (LNG) throughout the
world. The U.S. has historically been an importer and not an exporter of LNG,
but due to the recent shale gas boom, it has emerged as an LNG exporter.
PSE has entered into an agreement with an affiliate of Dominion Resources, Inc.,
one of the major utilities in the U.S., in which PSE will have the right to use its terminal
located in Cove Point, Maryland, to convert natural gas into LNG for export.
As Sumitomo Corporation in the Americas expands its investments and
business into more unconventional energy exploration, it is now well
positioned to participate in current developments in the oil and gas
exploration field.
13
Global Solutions for Business
Table of Contents for the Digital Edition of Global Solutions for Business
Global Solutions for Business - Cover1
Global Solutions for Business - Cover2
Global Solutions for Business - 1
Global Solutions for Business - 2
Global Solutions for Business - 3
Global Solutions for Business - 4
Global Solutions for Business - 5
Global Solutions for Business - 6
Global Solutions for Business - 7
Global Solutions for Business - 8
Global Solutions for Business - 9
Global Solutions for Business - 10
Global Solutions for Business - 11
Global Solutions for Business - 12
Global Solutions for Business - 13
Global Solutions for Business - 14
Global Solutions for Business - 15
Global Solutions for Business - 16
Global Solutions for Business - 17
Global Solutions for Business - 18
Global Solutions for Business - 19
Global Solutions for Business - 20
Global Solutions for Business - 21
Global Solutions for Business - 22
Global Solutions for Business - 23
Global Solutions for Business - 24
Global Solutions for Business - 25
Global Solutions for Business - 26
Global Solutions for Business - 27
Global Solutions for Business - 28
Global Solutions for Business - 29
Global Solutions for Business - 30
Global Solutions for Business - 31
Global Solutions for Business - 32
Global Solutions for Business - Cover3
Global Solutions for Business - Cover4
Global Solutions for Business - 41
Global Solutions for Business - 42
Global Solutions for Business - 43
Global Solutions for Business - 44
Global Solutions for Business - 45
Global Solutions for Business - 46
Global Solutions for Business - 47
Global Solutions for Business - 48
Global Solutions for Business - 49
https://www.nxtbook.com/nxtbooks/sumitomo/visions-spring2020
https://www.nxtbook.com/nxtbooks/sumitomo/visions-winter2020
https://www.nxtbook.com/nxtbooks/sumitomo/visions-fall2019
https://www.nxtbook.com/nxtbooks/sumitomo/visions-summer2019
https://www.nxtbook.com/nxtbooks/sumitomo/visions-spring2019
https://www.nxtbook.com/nxtbooks/sumitomo/visions-fallwinter2019
https://www.nxtbook.com/nxtbooks/sumitomo/visions-summer2018
https://www.nxtbook.com/nxtbooks/sumitomo/visions-winterspring2018
https://www.nxtbook.com/nxtbooks/sumitomo/visions-fall2017
https://www.nxtbook.com/nxtbooks/sumitomo/visions-summer2017
https://www.nxtbook.com/nxtbooks/sumitomo/visions-winterspring2017
https://www.nxtbook.com/nxtbooks/sumitomo/visions-fall16
https://www.nxtbook.com/nxtbooks/sumitomo/visions-springsummer16
https://www.nxtbook.com/nxtbooks/sumitomo/visions-winter16
https://www.nxtbook.com/nxtbooks/sumitomo/visions-fall15
https://www.nxtbook.com/nxtbooks/sumitomo/visions-summer15
https://www.nxtbook.com/nxtbooks/sumitomo/visions-spring15
https://www.nxtbook.com/nxtbooks/sumitomo/visions-winter15
https://www.nxtbook.com/nxtbooks/sumitomo/visions-summerfall14
https://www.nxtbook.com/nxtbooks/sumitomo/visions-summer14
https://www.nxtbook.com/nxtbooks/sumitomo/globalsolutions2014
https://www.nxtbook.com/nxtbooks/sumitomo/visions-winter14
https://www.nxtbook.com/nxtbooks/sumitomo/visions-fall13
https://www.nxtbook.com/nxtbooks/sumitomo/visions-springsummer13
https://www.nxtbook.com/nxtbooks/sumitomo/visions-winter13
https://www.nxtbook.com/nxtbooks/sumitomo/visions-fall12
https://www.nxtbook.com/nxtbooks/sumitomo/visions-springsummer12
https://www.nxtbook.com/nxtbooks/sumitomo/visions-winter12
https://www.nxtbook.com/nxtbooks/sumitomo/visions-fall11
https://www.nxtbook.com/nxtbooks/sumitomo/visions-summer11
https://www.nxtbook.com/nxtbooks/sumitomo/visions-spring11
https://www.nxtbook.com/nxtbooks/sumitomo/visions-winter11
https://www.nxtbook.com/nxtbooks/sumitomo/visions-fall10
https://www.nxtbook.com/nxtbooks/sumitomo/visions-summer10
https://www.nxtbook.com/nxtbooks/sumitomo/visions-winterspring10
https://www.nxtbook.com/nxtbooks/sumitomo/visions-fall09
https://www.nxtbook.com/nxtbooks/sumitomo/visions-summer09
https://www.nxtbook.com/nxtbooks/sumitomo/visions-spring09
https://www.nxtbook.com/nxtbooks/sumitomo/visions-winter09
https://www.nxtbook.com/nxtbooks/sumitomo/visions-fall08
https://www.nxtbook.com/nxtbooks/sumitomo/visions-spring08
https://www.nxtbook.com/nxtbooks/sumitomo/visions-winter08
https://www.nxtbook.com/nxtbooks/sumitomo/visions-fall07
https://www.nxtbook.com/nxtbooks/sumitomo/vision-summer07
https://www.nxtbookmedia.com