In a significant development for global energy markets, commodity trading giants Vitol Group and Trafigura Group have initiated discussions with major refiners in India and China regarding the sale of Venezuelan crude oil. This move […]
This is a huge announcement. This will also have a huge geopolitical impact on the carbon tax and countries forcing Net Zero energy policies on other countries’ manufacturing and oil companies. The EU may have […]
In the span of a decade, Egypt has undergone a dramatic transformation in its energy landscape, shifting from a burgeoning liquefied natural gas (LNG) exporter to a significant importer. This reversal, driven by declining domestic […]
GAIL announced on Tuesday it had executed a long-term LNG sales and purchase agreement (SPA) with Vitol Asia, a unit of Vitol. Under the SPA, GAIL will buy approximately 1 million metric tonnes per annum […]
Geneva-based energy trader Vitol has agreed to buy a stake in Eni’s Congo LNG project as part of a deal announced on Wednesday. According to a statement by Italy’s Eni, Vitol will acquire interests in […]
Under the deal, Vitol will purchase 500,000 metric tons of LNG from China Gas Hongda Energy Trading’s contracted US volume on a FOB (free on board) basis and sell 500,000 metric tons of LNG to […]
Energy trader Vitol has extended its existing liquefied natural gas (LNG) supply deal with Korea Middle Power (Komipo). The original SPA was signed in 2011. Deliveries started in 2015, with Vitol supplying Komipo with over […]
Energy trader Vitol boosted its liquefied natural gas (LNG) volumes in 2023 on the back of higher demand in Europe. Vitol said in its full-year report that its natural gas and LNG volumes grew by […]
LNG trader Vitol has signed a long-term deal to buy natural gas from US oil and gas producer EOG. Under the sales and purchase deal, EOG will supply 180,000 MMBtu/d of natural gas, or about […]
India’s largest gas utility GAIL has signed a long-term deal to buy liquefied natural gas (LNG) from energy trader Vitol. Under the deal, Vitol Asia will deliver 1 million metric tons of LNG to GAIL […]
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