Gas and power

Our presence is growing in line with the increasing importance of these markets as we transition to new energy solutions.

pipping leading to tankers

LNG

Offering spot, short or long-term contracts, as well as customised solutions tailored to our customers’ needs. With a long history of building partnerships through co-investment in energy infrastructure, including liquefaction and regasification projects and bespoke pre-financing solutions.

Natural gas

For over 20 years our gas teams have operated across Europe, Asia, the Middle East and the Americas, in over 60 countries, focusing on gas offtake, transportation, storage, regasification and the supply of LNG.

Power

Trading across both North American and European markets, in the former interfacing with generators and load serving entities across Canada, Mexico and the US; the latter offering customers solutions to manage costs and optimise sales.

1st February 2021

VPI doubles it's generation capacity to 3.3GW

Four gas power stations have been acquired by VPI Holdings Ltd, a subsidiary of Vitol.

The transaction involves the purchase from Drax Smart Generation Ltd of Blackburn Mill in Lancashire, Damhead Creek in Kent, Rye House in Hertfordshire and Shoreham in West Sussex.

VPI also owns a combined heat and power plant at Immingham, on the South Bank of the River Humber.

The transaction, originally announced in December, sees VPI become one of the leading Combined Cycle Gas Turbine (CCGT) operators in the UK, owning a combined portfolio of 3.3GW.

David Brignall, VPI Generation Manager, said: “We are pleased to formally complete on the transaction after an enormous amount of work by our team.

“The purchase significantly enhances Vitol’s position in the UK energy market.”

VPI-Immingham is working closely with industry on delivering the Humber Zero initiative to significantly reduce the UK’s industrial and power-related CO2 emissions.

Mr Brignall said: “VPI is committed to being part of the UK’s pathway to Net Zero.

“For the foreseeable future, renewables will need to be complemented by highly efficient gas generation.

“These assets enable VPI to provide essential services to the grid across England and, with some developing their own carbon abatement programmes, will contribute to achieving Net Zero.”