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Vitol enters long-term LNG swap deal with China Gas

By LNG Prime Staff
Vitol enters long-term LNG swap deal with China Gas
For illustration only (Image: Vitol)

Geneva-based energy trader Vitol has entered into a long-term LNG swap arrangement with a unit of Chinese city gas operator China Gas. Under the deal, Vitol will purchase 500,000 metric tons of LNG from China Gas Hongda Energy Trading’s contracted US volume on a FOB (free on board) basis and sell 500,000 metric tons of…

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