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Vitol nearly triples LNG traded volumes in 2017

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LNG Industry,

Reuters are reporting that Vitol nearly tripled traded volumes of LNG in 2017 to 7.4 million tpy.

That compares to traded volume in 2016 of 2.6 million tpy, a spokeswoman for the company said.

“In LNG, where we have long had a presence, the market is evolving as anticipated and our volumes grew commensurately,” the trader said.

LPG volumes fell slightly to 14.3 million tpy, after very strong growth in 2016, it said.

“Nonetheless, we continue to see LPG as a longer term growth opportunity, with US supply growth satisfying the need for cleaner fuel and power solutions in developing economies.”

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