Energy and commodities company Vitol has announced that it has signed a multi-year LNG purchase agreement with Gazprom Marketing & Trading Singapore Pte Ltd (GM&T Singapore).
The agreement is for the annual supply of approximately 300 000 t of LNG from 2018 onwards. The LNG will be supplied from GM&T’s diversified LNG portfolio.
Vitol’s Head of LNG, Pablo Galante Escobar, said: “We are delighted to be working with Gazprom Marketing & Trading a subsidiary of Gazprom, the world’s largest producer of natural gas. Vitol is an established participant in LNG markets globally and this development will strengthen our offering to customers worldwide.”