Vitol has secured three LNG Bunkering Vessels (“LNGBV”) through its shipping company, Vitol International Shipping Pte Ltd (“VIS”).

The vessels were secured via a seven to ten year time charter agreement with Avenir LNG Limited (“Avenir”) and an order for two vessels at the CIMC Sinopacific Offshore & Engineering Co. Ltd shipyard in Nantong, China.

LNG enables shipowners to reduce their environmental footprint at competitive price levels. When combined with bio-LNG blending, it also offers shipowners a long-term solution for compliance with increasingly stringent emission regulations.

The time charter agreement with Avenir is for one newbuild 20,000m3 LNGBV. The time charter will commence at delivery from the shipyard in China in Q4 2026 and will serve a period of seven years with options to extend up to ten years in total. Vitol also ordered one 12,500 m3 and one 20,000 m3 LNGBV at the CIMC SOE shipyard in China. The vessels will be delivered in Q4 2026 and Q3 2027 respectively.

Mr. Pablo Galante Escobar, head of LNG, EMEA gas & power, Vitol added: “Shipowners worldwide are looking to reduce their emissions. We are delighted to strengthen our offering to them by investing in LNG/bioLNG bunkering, thereby increasing their options.”

Vitol has traded LNG for 20 years. It is expanding its presence globally and, last year, traded over 17 million tonnes of LNG worldwide. Vitol has been investing in bio-LNG infrastructure through its subsidiary ViGo bioenergy. It is also one of the world’s leading providers of bunker fuels, through its subsidiary Vitol Bunkers. It is therefore uniquely positioned to provide multi fuel and decarbonisation solutions to its customers globally, covering the full spectrum of conventional marine fuels, biofuels, LNG & bio-LNG and also methanol.

About Vitol

Vitol is a leader in the energy sector with a presence across the spectrum: from oil through to power, renewables and carbon. It trades 7.4 million barrels per day of crude oil and products, and charters circa 6,000 sea voyages every year.
Vitol’s clients include national oil companies, multinationals, leading industrial companies and utilities.
Founded in Rotterdam in 1966, today Vitol serves clients from some 40 offices worldwide and is invested in energy assets globally including: 17 m m3 of storage globally, circa 500 k b/d of refining capacity, over 7,000 service stations and a growing portfolio of transitional and renewable energy assets.