Vitol buys majority stake in German LNG firm Liquind

Energy trader Vitol said it has acquired a majority share in Berlin-based LNG firm Liquind for an undisclosed sum.

With this move, Vitol enters the gas-for-transport market, it said in a statement on Tuesday, but it did not provide any additional information regarding the stake purchase.

The German firm backed by Switzerland-based Energy 360° operates a network of 15 LNG filling stations serving the trucking industry in Germany, with the ambition to grow regionally and extend its offering to bio-LNG for transport.

Liquind aims to grow its portfolio by 100 stations over the next five years.

In addition, Liquind plans to launch two LNG bunkering stations for inland vessels to cater to an increasing demand for cleaner fuels in Germany.

“We expect gas to become an important low emissions fuel for the trucking industry in Europe, with the market moving from LNG to bio-LNG over time,” Russell Hardy, CEO of Vitol, said.

“We are delighted to be investing in one of Europe’s leading gas-for-transport companies and working alongside management to extend Liquind’s footprint and offering,” he said.

Vitol says it is a “significant” investor in renewables, with over $1 billion capital committed to renewable power projects.

Also, the LNG trader says the investment in Liquind is in line with its core strategy of investing in assets which complement its trading business.

Vitol anticipates that demand for low emission fuels would increase as the European trucking industry seeks a “practical and timely means of reducing its carbon footprint.”

Most Popular

Glenfarne still expects Texas LNG FID by end of this year

US energy firm Glenfarne confirmed it is targeting a final investment decision on its planned 4 mtpa Texas LNG export project in the port of Brownsville by the end of 2025 after the US FERC issued the final supplemental environmental impact statement for the project.

Kosmos: Tortue FLNG to hit full capacity in Q4

UK-based energy giant BP and its partners expect the 2.7 mtpa Golar FLNG Gimi, which serves the Greater Tortue Ahmeyim LNG project offshore Mauritania and Senegal, to reach its nameplate capacity in the fourth quarter of this year, according to US-based Kosmos Energy.

Equinor’s Hammerfest LNG back online after maintenance

Norwegian energy firm Equinor has resumed operations at its 4.3 mtpa Hammerfest LNG export plant following an extended maintenance shutdown, a spokesperson for Equinor told LNG Prime on Monday.

More News Like This

Argentina’s Enarsa receives five offers for latest LNG cargo tender

Argentina's state-owned LNG importer Energia Argentina (Enarsa) has received five offers for its fourth LNG cargo tender in 2025.

GAIL, Vitol finalize 10-year LNG supply deal

India’s largest gas utility, GAIL, has finalized its previously announced long-term deal to buy liquefied natural gas (LNG) from energy trader Vitol.

Argentina’s Enarsa gets offers for new LNG cargo tender

Argentina's state-owned LNG importer Energia Argentina (Enarsa) has received six offers for its third LNG cargo tender in 2025.

Oman LNG inks supply deal with Vitol

State-owned producer Oman LNG has signed a sales and purchase agreement with energy trader Vitol.