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Exclusive: Vitol targets Southeast Asia's LNG boom with import projects


By Oleg Vukmanovic , Drazen Jorgic and Ruma PaulLONDON/ISLAMABAD/DHAKA (Reuters) - Vitol is targeting Southeast Asia's booming liquefied natural gas (LNG) markets to boost sales and catch up with rival commodity traders by developing import projects in Pakistan and Bangladesh.In its biggest potential project, the trader is teaming up with France's Total on a floating LNG import facility in Port Qasim, Karachi, industry and government sources said. The unusual alliance between the Swiss trade house and oil major shows how emerging markets' appetite for gas is becoming a focal point for the ...

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First Published: Wed, March 14 2018. 23:23 IST