Mozambique’s state oil firm and Vitol form trading joint venture
Mozambique has an estimated 125-trillion cubic feet of technically recoverable gas resources and is expected to become a top LNG exporter
London — Global energy trader Vitol and Mozambique's state oil firm ENH have launched a trading joint venture called ENH Energy Trading, Vitol said on Tuesday, to focus on liquefied natural gas (LNG), liquefied petroleum gas and condensate.
The new entity will be incorporated and based in Singapore. ENH will hold a 51% stake, while Vitol will hold the remainder...