Recoverable Gas Resources News

Vitol, ENH Form LNG Trading JV

Commodity trading company Vitol and the Mozambican state-owned oil and gas company ENH have formed ENH Energy Trading, a partnership focused on trading oil products.The Dutch energy and commodity trading company said in a press note that 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…