Vitol sees gas and LNG as key growth driver as oil demand peak looms

Steven Brann said that LNG and gas, coupled with related asset acquisitions, will offer the best growth opportunities for Vitol as the world moves towards cleaner-burning fuels and oil demand peaks in the next decade.

“Our portfolio as a company will increasingly be gassy and asset-heavy and LNG is a means of moving that gas around the world,” Brann said.

“Africa is important and LNG in and around Africa is an important part of our growth strategy.”