Vitol enters into long-term swap arrangement with China Gas

China Gas Holdings

18/10/2024 10:43

Oct 18 (Reuters) - Energy trader Vitol on Friday said
that it has entered into a long-term swap arrangement with China
Gas  0384.HK .
    As part of the agreement, Vitol will purchase half a million
metric tons of LNG from China Gas’ contracted U.S. volume on FOB
(free on board) basis and sell half a million metric tons of LNG
to China Gas on DES (delivered ex ship) basis from 2029, Vitol
said in a press release.

 (Reporting by Anushree Mukherjee in Bengaluru
Editing by Tomasz Janowski)
 ((anushree.ashishMukherjee@thomsonreuters.com;))