LNG

Vitol signs HOA for 0.8 mtpa of LNG from Malaysia’s Petronas

Swiss trading house Vitol has signed a heads of agreement to buy up to 800,000 tpa of LNG for as long as 15 years from Malaysia’s Petronas
By Staff reporter 30 November 2018 0 33512

Swiss trading house Vitol has signed a heads of agreement (HOA) to buy up to 800,000 tpa of LNG for as long as 15 years from Malaysia’s Petronas, Vitol said on Thursday.

The HOA was signed on 1 October and a deal would see LNG supplies to Vitol start in 2024. The cargoes would come mainly from the LNG Canada project, in which Petronas has a 25% interest.

Petronas supplied Vitol’s first LNG cargo in 2005.