Vitol
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Energy trader Vitol also made an unspecified strategic investment in Delfin Midstream. -
New find in CTP Block 4 boosts reserve potential to as much as 700 million BOE.
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Energy trader Vitol will take 3 mtpa over a 10-year period.
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The agreements place most of the LNG volumes through Q1 2022 and continue ADNOC’s expansion into new LNG export markets.
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The contract calls for Vitol to purchase 700,000 tonnes annually over a 15-year period, providing some optimism for companies hoping to secure similar long-term deals.
