Vitol

Vitol Taps into European LNG-for-Transport Market with Liquind Deal

Vitol Taps into European LNG-for-Transport Market with Liquind Deal

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…

September 28, 2021
Vitol’s 2020 Oil, LNG Trading Dragged Down by Pandemic

Vitol’s 2020 Oil, LNG Trading Dragged Down by Pandemic

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…

April 6, 2021

Vitol Reports 35% Rise in Traded LNG Volumes, Says Fuel to Supply Greater Share of Revenue

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.

March 27, 2020

Vitol Partnering with Mozambique’s ENH to Globally Trade LNG, LPG and Condensate

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.

September 17, 2019
Tellurian Secures MOU with Vitol to Supply LNG from Driftwood Export Project

Tellurian Secures MOU with Vitol to Supply LNG from Driftwood Export Project

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.

December 6, 2018
Top North American Natural Gas Marketers Rack Up Fourth Straight Increase in 3Q2018 NGI Survey

Top North American Natural Gas Marketers Rack Up Fourth Straight Increase in 3Q2018 NGI Survey

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.

December 3, 2018

Vitol Inks Deal with Petronas for LNG Canada Supply

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.

November 30, 2018

Vitol Nabs 15-Year LNG Supply Agreement with Cheniere

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.

September 17, 2018