China Gas and Vitol agree long-term swap arrangement

Monday, 21 October 2024

China Gas Hongda Energy Trading (China Gas) and Vitol have signed into a long-term LNG swap arrangement.  

As part of the agreement, Vitol will purchase 500,000 tonnes of LNG from China Gas’ contracted US volumes on a free on board (FOB) basis and sell the same amount to China Gas on a delivered ex-ship (DES) basis from 2029.


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