What we do
Vitol is one of the largest international LPG traders. We have the world’s largest pressurised vessels and, indeed, the largest fleet.
At the core of our operation is a fleet of 35 LPG tankers. These vessels, built primarily within the last ten years to Vitol's specifications, enable us to offer excellent flexibility and, importantly, speed and reliability. Refiners tend to have limited LPG storage on site, and with increasingly stringent flaring regulations they need to be able to ship the gas to market quickly.
By collecting, shipping, storing and trading gas that would otherwise be flared, we are meeting the needs of both the petrochemical industry and domestic users, as well as supplying the growing demand for autogas. We are also making the best economic use of a resource that otherwise would do no more than contribute to climate change.
In addition, Vitol is highly active in the refrigerated long-haul arbitrage business, ready to move cargoes wherever global market conditions dictate.
Where we do it
Our fleet ships considerable volumes to countries where bottled gas is popular – such as Portugal, France, Germany, Poland, Morocco and Turkey – as well as supplying cargoes to the US, China, West Africa, East Africa and the Caribbean.
Vitol also has access to LPG storage in Europe, as well as West Africa, through a joint venture that will see significant reductions in flaring in Nigeria by providing infrastructure for the gas to be marketed inland.
How we do it
Our size is not and never has been an end in itself: it is simply a consequence of our success and the strength of our customer relationships. The Vitol LPG team is truly multinational, and we use local knowledge and insights to anticipate demand and react swiftly and efficiently. Increasingly, we work with oil and gas companies as a logistics and risk management solutions provider, and we are known for our ability to bring innovative thinking to life through decisive action.
35 fleet of LPG tankers built to Vitol’s specifications