LNG

Vitol, the world’s largest independent energy and commodities firm, said its traded liquefied natural gas volumes increased slightly to 17.6 million tonnes during 2022 and with 67 percent sold to Europe in the fourth quarter.

Vitol, the global commodities company, has signed a 10-year deal with Nigerian LNG to buy 500,000 tonnes per annum as the Swiss-based trader expands its portfolio in the medium-term and spot cargo markets.

Vitol, the global commodities company, has set up a joint venture with the National Hydrocarbons Company of Mozambique (ENH) to market liquefied natural gas from the stakes held by the Mozambicans in the various LNG projects under development in the country.