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Vitol & ENH Launch of ENH Energy Trading in Mozambique

Gasoil News - Published on Fri, 20 Sep 2019

Image Source: vitol.com
Vitol and ENH, the National Oil Company of Mozambique announced the launch of ENH Energy Trading, a joint venture commodity trading company. ENH Energy Trading will initially be owned 51% by ENH and 49% by Vitol. It is anticipated ENH’s share will increase over time. ENH Energy Trading will focus on energy commodities, in particular LNG, LPG and condensate, enabling ENH to create additional value and develop expertise in trading energy commodities. Mozambique has an estimated 125 TCF of technically recoverable gas resources. In addition to using these resources to fuel domestic energy demand, the first phase of developments will produce significant quantities of gas, LPG and condensate, plus over 30 million tonnes of LNG annually, making Mozambique a leading exporter of LNG.

As part of the agreement, Vitol and ENH are committed to developing an independent and leading marketing and trading team for ENH Energy Trading, leveraging the parent companies’ knowledge and expertise.

The company will be incorporated and based in Singapore, to facilitate liaison with customers across the region, in which LNG demand is expected to grow significantly.

Source :

Posted By : Rabi Wangkhem on Fri, 20 Sep 2019
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