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Vitol announced on Thursday the signing of the SPA with IRH Global Trading, a subsidiary of IRH, following the signing of the heads of agreement in November 2025.
Under the agreement, Vitol will supply 1 million tonnes per annum (mtpa) of LNG on a free on-board (FOB) to IRH for a period of 20 years, “reinforcing IRH’s long-term commitment to securing reliable and diversified energy supply to meet growing global demand,” Vitol said.
Vitol did not mention Delfin in the statement or provide further details.
Under the HoA in November 2025, Delfin Midstream’s Delfin LNG will supply LNG on FOB basis to Vitol, which will act as the offtaker and deliver the volumes to IRH’s global trading arm.
A unit of US FLNG developer Delfin Midstream recently signed a sales and purchase agreement with UK-based energy firm Centrica to supply LNG from the second floating LNG unit as part of its project offshore Louisiana.
This is the first long-term agreement to purchase LNG from Delfin’s planned second project (FLNG 2).
On June 3, Delfin took a final investment decision for the first 4.4 mtpa floating LNG unit of its LNG project under development in Louisiana.
Delfin says the FLNG is the first floating liquefaction facility in the United States and the world’s largest FLNG.
The company said its first FLNG 1 is backed by long-term LNG sales agreements with “leading” global energy companies, including Vitol, Expand Energy, Centrica, and Gunvor.