Oct 18 (Reuters) - Energy trader Vitol on Friday said that it has entered into a long-term swap arrangement with China Gas .
As part of the agreement, Vitol will purchase half a million metric tons of LNG from China Gas’ contracted U.S. volume on FOB (free on board) basis and sell half a million metric tons of LNG to China Gas on DES (delivered ex ship) basis from 2029, Vitol said in a press release.
(Reporting by Anushree Mukherjee in Bengaluru Editing by Tomasz Janowski)
((anushree.ashishMukherjee@thomsonreuters.com;))
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