What we do
LNG continues to be the fastest growing sector of the international energy business. Delivering over 2 million tonnes of LNG in 2011, Vitol is now established as the largest independent trader of LNG and growing. Vitol continues to supply our customers both on long term and spot basis as their requirements change. Our ability to integrate with the group’s natural gas business, to optimise shipping and manage cross commodity pricing provides a wealth of opportunities to meet our customers’ needs.
The business is now balanced between term sales and spot transactions. With a growing portfolio we are committing to more longer term agreements. Operating many such agreements enables Vitol to offer more flexibility and optimise the flow of LNG inside the portfolio and externally. We continue to apply our core energy trading skills to bring opportunities and new risk management solutions to the sector.
Where we do it
As the number of new entrants continues to grow our customer base is growing to all the traded regions of the world. We have developed existing relationships and quickly established new supply partnerships in Asia, Europe, the Middle East and the Americas. Through our network of regional offices and locally in country we are able to work with our customers on their short and longer term requirements.
How we do it
Vitol’s independence is important to our LNG customers. Unlike many of the largest operators, we are impartial and uncompromised, with no joint ventures or upstream/downstream obligations.
Our business is based on the market fundamentals, and our customers gain by our ability to respond with speed and flexibility.
Total industry LNG volumes
MT = Million Tonnes
- 2005
- 2006
- 2007
- 2008
- 2010
- 2011
- 2012 (forecast)
2m Over 2 million tonnes of LNG delivered in 2011