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

Venture Global to introduce gas to 14th Plaquemines liquefaction block

US LNG exporter Venture Global LNG has received approval from the US FERC to introduce natural gas to the fourteenth liquefaction block at the Plaquemines LNG terminal in Louisiana as part of the plant’s commissioning process.

South Korea gets first LNG Canada cargo

The 174,000-cbm GasLog Glasgow, which is carrying the first liquefied natural gas cargo produced at the Shell-led LNG Canada facility in Kitimat, has arrived in Tongyeong, South Korea, according to shipping data.

Venture Global adds more liquefaction blocks to Plaquemines expansion

US LNG exporter Venture Global LNG has added four more liquefaction blocks to the proposed brownfield expansion of its Plaquemines LNG terminal in Louisiana.

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.