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.

Scottish renewables company obtains approval for whisky fuel plant

13/12/2017 14:37:00

A company has obtained the green light to build a new plant at Scotland’s oil port of Grangemouth to make a petrol replacement from whisky residue. Falkirk Council offered Celtic Renewables an approval to construct a commercial demonstrator plant, which will annually generate over half a million liters of biofuel.


ENGIE aims to switch to 100% green gas by 2050

13/12/2017 14:25:00

French energy firm ENGIE revealed its plans to get rid of natural gas by 2050.


Daily (13.12.2017): European power prices hit contract peaks on Tuesday, after a blast at an Austrian gas hub

13/12/2017 11:32:00

Oil prices declined sharply on Tuesday, as traders took profits after prices increased tto a two-year peak on an unscheduled closure of the pipeline that carries the largest North Sea crude oil grade. Brent crude settled down $1.35, or 2.1 percent, at $63.34 a barrel. U.S. crude ended at $57.14 a barrel, or 1.5 percent lower.