Energy and commodity trading company Vitol signed a multi-year LNG purchase agreement with Gazprom Marketing & Trading’s Singapore unit.
Under the agreement, Gazprom Marketing & Trading will deliver 300,000 metric tons of LNG per year to Vitol, starting in 2018.
GM&T will supply the chilled fuel from its LNG portfolio, Vitol said in its statement on Thursday.
Pablo Galante Escobar , Vitol’s head of LNG said that the agreement will strengthen the company’s offering.
Vitol has been active within the LNG sector since 2005 and has delivered around 3 million metric tons of liquefied natural gas in 2016.