Vitol

Vitol Inc. is progressing its strategy of inking direct supply agreements for U.S. LNG with exploration and production (E&P) companies, this time tapping EOG Resources Inc. Under the sales and purchase agreement, EOG would supply Vitol with 180,000 MMBtu/d of natural gas, or the equivalent of 1.25 million metric tons/year (mmty) of liquefied natural gas,…

India’s Gail Ltd. has inked a 10-year, 1 million metric ton/year (mmty) sale and purchase agreement with a unit of Vitol Inc.

Cheniere Energy Inc.’s Sabine Pass LNG export facility in Louisiana continues to ramp-up, with feed gas volumes hitting their highest point this week since the facility went offline for planned maintenance around June 1.

Pockets of spot LNG demand continue emerging across Asia, particularly among price-sensitive natural gas buyers, but the market remains loose heading into summer as larger buyers across the region and in Europe remain on the sidelines.  Thailand’s PTT LNG Co. Ltd. bought nine summer cargoes for about $13/MMBtu in a tender that closed last week,…

Labor strikes blocking Elengy’s Fos Cavaou, Fos Tonkin and Montoir-de-Bretagne LNG import terminals in France that were scheduled to end Tuesday have been extended to March 27 as workers continue to protest the government’s pension reform. Strikes ended last week at Dunkerque LNG, the country’s only other import terminal. 

Global energy trading giant Vitol Group is extending its reach in the liquefied natural gas (LNG)-for-transport market with the acquisition of a majority stake in a German supplier. Vitol said Tuesday it had purchased a share in Liquind GmbH, which has a network of 15 filling stations serving the trucking industry in Germany, for an…

Global commodity trader Vitol said Tuesday its activity in the energy markets declined last year along with demand as the Covid-19 pandemic raged on.  The world’s top oil trader, and a dominant force in the still-developing liquefied natural gas (LNG) markets, saw both oil and LNG trading fall.  “The extraordinary market conditions in the initial…

Vitol Inc. CEO Russell Hardy said Friday the Swiss commodities giant expects liquefied natural gas (LNG) to account for a growing share of revenue, as delivered volumes rose 35% to 10.5 million metric tons (mmt) in 2019.

Swiss giant Vitol Inc. is launching an energy trading venture with ENH, the national oil company (NOC) of Mozambique, where a plethora of natural gas reserves has opened the region to mega export projects.