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…
Articles from Vitol
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.
Tellurian Inc. has secured a memorandum of understanding (MOU) with Vitol Inc. to supply 1.5 million metric tons/year (mmty) of liquefied natural gas (LNG) for at least 15 years from the planned Driftwood LNG export facility on the Louisiana coast.
Twenty-five leading natural gas marketers added another 8.04 Bcf/d (7%) to their total sales volumes in 3Q2018 compared with the same period last year, a fourth consecutive quarter with a significant upward trend, according to NGI’s 3Q2018 Top North American Natural Gas Marketers rankings.
International Swiss trading firm Vitol Group, one of the largest energy traders in the world, has stepped forward as a customer for liquefied natural gas (LNG) from the 25% share in the LNG Canada project owned by Malaysia’s state-owned Petronas.
As Vitol Inc. extends its global commodities reach with natural gas exports, the Swiss trader has inked a 15-year contract with Houston’s Cheniere Energy Inc. for 70,000 metric tons/year.