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.

Daily (18.07.2017): UK gas price jumped by almost 7% on Monday on high exports to the continent

18/07/2017 09:57:00

Oil prices fell on Monday for the first time in the last six sessions. In a monthly report released on Monday, the U.S. EIA estimated a rise in August oil production from seven major US shale players, compared with July, with the Permian Basin expected to see the largest output climb. Brent crude decreased by 1% to close at $48.42 a barrel, while WTI price dropped by 1.12% to end at $46.02 a barrel.


Centrica merges oil and gas businesses with Baverngas Norge

17/07/2017 16:43:00

The new company will be the result of the joining of British company Centrica’s exploration and production business with Norwegian Baverngas Norge.


Panasonic and Toyota create first car with solar panel

17/07/2017 14:39:00

Panasonic Corporation has started producing 180-watt solar cells that can be installed on the roof of a car. The cells have been used to mass-produce the first car with a solar panel on its roof.