Vitol inks multi-year agreement to acquire LNG from Gazprom trading division

21/04/2017 11:29 LNG


Trading house Vitol inked on Thursday a multi-year deal to acquire 300,000 tonnes of liquefied natural gas (LNG) from Gazprom Marketing & Trading Singapore from 2018.

Vitol's manager of LNG Pablo Escobar declared the agreement with Gazprom's trading unit would reinforce its ability to meet client demand globally.

Vitol, which is one of the major spot LNG traders, did not offer other details.

Ireland: ESB will launch UK energy supplier this year

14/08/2017 15:09:00

Irish utility ESB is getting ready to launch an energy supplier in Britain later this year, accessing a highly competitive market that is also under inspection from government after the competition regulator found consumers were overcharged billions of pounds.


Daily (14.08.2017): British wholesale gas prices rose on Friday due to an unplanned outage

14/08/2017 10:52:00

Oil prices increased on Friday, following the IEA’s report which stated that crude oil stockpiles were now below 2016 levels. The agency also raised its 2017 demand growth forecast in its previous monthly report and declared it expected demand to be further expanded next year. Despite the strong demand, markets remain well-supplied thanks to strong output. Brent rose by almost 0.4% to close at $52.10 a barrel, while WTI price rose by around 0.5% to end at $48.82 a barrel.


Britain's Tullow starts oil and gas exploration in Zambia

14/08/2017 09:56:00

British firm Tullow Oil on Friday launched exploration for oil and gas in Zambia, Africa's No.2 copper producer, as the nation strives to diversify its economy and reduce its dependence on the industrial metal.