HSBC looking to expand into gas and coal

ist-4079646-oilrigpipes

The Energy Solutions Group at HSBC, formed through an alliance with Totsa, the trading arm of French oil giant Total, is likely to branch out from oil, according to its head Chris McHugh in London.

"We will be exploring opportunities in gas and coal, and then we'll consider what opportunities are suitable for us in power and emissions, but the initial focus is we get up and running on oil and refined products", he says.

The alliance with Totsa was sealed in July last year, and allows HSBC to del

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: