Vayu, an independent gas supplier to Ireland, has entered into a strategic partnership with global energy supplier Glencore International that will enable Vayu to further expand its presence in the Irish energy market.
<p>Under the terms of the deal, Glencore will hold a 27% share in Vayu, as well as becoming an exclusive gas supplier to the newly established company. Vayu will also obtain direct access to Glencore's gas trading expertise to further develop its services in Ireland. <br /><br />Glencore's portfolio will see Vayu expand its range of services and flexibility to meet the growing needs of a more sophisticated marketplace, said Tony Ennis, managing director at Vayu. <br /><br />Currently, Vayu only supplies gas to industrial and commercial gas users.</p>