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Vitol said on Tuesday its LNG volumes grew to 23 million metric tons.
This compares to approximately 18 million metric tons of LNG in 2024, which also increased from 17 million metric tons in 2023.
During 2025, Vitol expanded its long-term partnerships in the LNG sector with both utilities and national oil and gas companies in the Americas, Asia, and the Middle East, the trader said.
“Our LNG business benefits from integration with our gas trading network and across the company our volume of natural gas delivered increased by 15 percent,” Vitol said.
The trader also noted that biogas and bio-LNG continue to be an “area of potential for the transport sectors which are hard to electrify, such as shipping and heavy commercial vehicles.”
“In both the Americas and Europe, we are investing in the capture of waste gas, for injection into the grid or directly for use in transport,” it said.
Overall, Vitol’s energy volumes delivered in 2025 rose to 605 million tonnes of oil equivalent (mTOE), up from 537 mTOE in 2024.
Crude oil and products remain the core of Vitol’s business, and in 2025, the trader delivered an average of 8 mbpd, compared to 7.2 mbpd in 2024.
“This is the second time we have announced our annual volumes shortly after the outbreak of conflict,” Russell Hardy, CEO of Vitol, said.
“The suffering and loss of life in conflict is always tragic and our thoughts are with our colleagues and the many people throughout the Middle East who are working in extremely difficult and dangerous conditions to try and enable the flow of energy to global markets,” he said.
Vitol also said that its management continues to evolve and Jeff Dellapina, group CFO, will retire shortly after 16 years in the role and 21 years with the company.
According to the trader, Jay Ng, CFO of Vitol Asia and a colleague of 18 years, will succeed Dellapina as group CFO.
Due to the growth of the business, Vitol’s executive committee has been expanded to include Jonathan Marsh, chief legal officer, and Matt Stacey, global head of distillates.