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 (19.05.2017): EU carbon prices surged over 4% to a monthly high

19/05/2017 10:22:00

Oil prices continued to grow on Thursday, as most of the major producing countries suggested they would extend supply cuts to reduce an ongoing global crude glut.


Switzerland to decide on nuclear power phaseout in favor of renewables

18/05/2017 16:00:00

This Sunday, Switzerland will go to the polls and decide upon the government’s plan to abandon further development of nuclear power in favor of renewable energy. The focus of the campaign are the costs of the change. The current referendum follows October’s signature campaign organized by the Swiss People’s Party (SVP) who gave the support to contest the Government’s controversial energy plan in a popular vote.


Armenia: Hydropower plants can reach a 40% share of electricity generated

18/05/2017 14:21:00

Armenia’s hydropower plants can produce a share of 40% of the total electricity volume, according to a recent statement of the Armenian deputy minister of energy infrastructure and natural resources Hayk Harutyunyan.