Vitol has announced that it has signed a multi-year LNG purchase agreement with Gazprom Marketing & Trading Singapore (GM&T Singapore), for the annual supply of around 300,000 metric tons of LNG, from 2018.

The supply will come from GM&TS’s diversified LNG portfolio.

Pablo Galante Escobar, Vitol’s Head of LNG said: “We are delighted to be working with Gazprom Marketing & Trading a subsidiary of Gazprom, the world’s largest producer of natural gas. Vitol is an established participant in LNG markets globally and this development will strengthen our offering to customers world-wide.”