Vitol's Investment in LNG Bunkering

Overview

• Vitol announced today the company has secured three LNG Bunkering Vessels (LNGBV) through its shipping company, Vitol International Shipping Pte Ltd (VIS).
• Agreement Details:
• Partner: Avenir LNG Limited (Avenir)
• Shipyard: CIMC Sinopacific Offshore & Engineering Co. Ltd in Nantong, China
• Time Charter: Seven to ten years
  
  

Details of the Agreement

• Vessels Secured:
• One newbuild 20,000m3 LNGBV through a time charter agreement with Avenir.
• Time charter starts in Q4 2026 for seven years, with options to extend up to ten years.
• Ordered one 12,500 m3 LNGBV and one 20,000 m3 LNGBV from CIMC SOE shipyard.
• Deliveries in Q4 2026 and Q3 2027 respectively.
  
  

Environmental Benefits

• LNG Advantages:
• Reduces environmental footprint at competitive prices.
• Bio-LNG blending offers long-term compliance with stringent emission regulations.
  
  

Vitol’s Statement

• Mr. Pablo Galante Escobar (Head of LNG, EMEA gas & power, Vitol):
• Emphasized the global need for shipowners to reduce emissions.
• Highlighted Vitol's commitment to investing in LNG/bio-LNG bunkering.
  
  

Vitol’s LNG Background

• Experience: 20 years of LNG trading.
• Global Presence: Traded over 17 million tonnes of LNG worldwide last year.
• Subsidiaries:
• ViGo bioenergy (bio-LNG infrastructure).
• Vitol Bunkers (bunker fuels).
• Capabilities:
• Multi-fuel and decarbonization solutions.
• Range: Conventional marine fuels, biofuels, LNG & bio-LNG, and methanol.
  
  

Summary

• Vitol is significantly enhancing its LNG bunkering capabilities to meet environmental standards and support shipowners globally in reducing emissions.