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Vitol and IRH finalize 20-year LNG supply agreement

Vitol will supply IRH with 1 million tonnes of LNG annually under the deal.

Vitol and IRH have signed a natural gas sale and purchase agreement. It provides for annual deliveries of 1 million tonnes of LNG over 20 years.

Author: Робот Source: Vitol

Vitol and IRH logos or a vessel carrying liquefied natural gas.
Vitol and IRH have finalized a 20-year LNG supply agreement. Illustrative photo. Photo: MartinStr / Pixabay, Pixabay Content License

Vitol Inc. and IRH Global Trading Ltd., a subsidiary of International Resources Holding (IRH), have executed a natural gas sale and purchase agreement. The companies announced the deal on June 25, 2026.

Under the agreement, Vitol will supply IRH with 1 million tonnes of liquefied natural gas (LNG) per year for 20 years. Deliveries will be made on a free-on-board (FOB) basis.

Pablo Galante Escobar, Vitol’s Global Head of LNG and European Gas & Power, said the agreement would build on the companies’ strong relationship.

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IRH CEO Ali Rashed Al Rashdi described the agreement as an important step in the company’s strategy to build a diversified and resilient LNG portfolio.

Source: Vitol

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