30NOV2018 - NEWS - Energy and commodity trading firm Vitol inks long term LNG deal with Petronas LNG

Geneva based energy and commodity trading firm Vitol has recently signed a binding Heads of Agreement (HOA) for long-term liquefied natural gas (LNG) sale and purchase (SPA) with Petronas LNG. Under the terms of the deal, which was signed on October 1, 2018, the LNG supply to Vitol is to commence in 2024 and would see a provision of 0.8 million tonnes of LNG per annum for a period of up to 15 years on both Delivered Ex-Ship (DES) and Free on Board (FOB) basis. The primary supply to Vitol will come from LNG Canada as well as from other Petronas LNG’s global LNG supply portfolio.

Published by Editor - www.Livebunkers.com at 30-Nov-2018 05:23:40 [UTC] , contact editor at editor@livebunkers.com