Vitol and IRH Sign 20-Year LNG Sale and Purchase Agreement for 1 Million Tons per Year
2026-06-26 14:16
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en.Wedoany.com Reported - Vitol has announced the signing of a liquefied natural gas sale and purchase agreement with IRH Global Trading, a subsidiary of IRH, for a term of 20 years with an annual supply volume of 1 million tons, on a free on board (FOB) delivery basis.

Vitol and IRH finalize 20-year LNG supply agreement

Vitol stated that this move supports IRH's long-term commitment to ensuring a reliable and diversified energy supply to meet growing global demand. Vitol did not mention Delfin in the statement and provided no further details.

Under a letter of intent signed by both parties in November 2025, Delfin LNG, a subsidiary of Delfin Midstream, will supply LNG to Vitol on an FOB basis, with Vitol acting as the offtaker to deliver these cargoes to IRH's global trading division.

A subsidiary of U.S. FLNG developer Delfin Midstream recently signed a sale and purchase agreement with British energy company Centrica to supply LNG from the second floating liquefied natural gas unit at its offshore project in Louisiana. This is the first long-term agreement to purchase LNG from Delfin's planned second project.

On June 3, Delfin made a final investment decision on the first floating LNG unit at its developing LNG project in Louisiana, which has an annual capacity of 4.4 million tons. Delfin stated that this FLNG is the first floating liquefaction facility in the United States and the largest FLNG in the world. The company said its first FLNG has secured long-term LNG sales agreements supported by global energy companies including Vitol, Expand Energy, Centrica, and Gunvor.

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