Reuters are reporting that Vitol’s future growth will increasingly be driven by gas and LNG, especially in emerging markets, as peak oil demand approaches, its head of gas and power investments said.
Steven Brann said that LNG and gas, coupled with related asset acquisitions, will offer the best growth opportunities for Vitol as the world moves towards cleaner-burning fuels and oil demand peaks in the next decade.
“Our portfolio as a company will increasingly be gassy and asset-heavy and LNG is a means of moving that gas around the world,” Brann said.
“Africa is important and LNG in and around Africa is an important part of our growth strategy.”
Read the article online at: https://www.lngindustry.com/liquefaction/14052018/vitol-sees-gas-and-lng-as-key-growth-driver-as-oil-demand-peak-looms/