{"id":331379,"date":"2026-01-26T15:11:28","date_gmt":"2026-01-26T19:11:28","guid":{"rendered":"https:\/\/inspenet.com\/noticias\/vitol-and-best-extend-lng-sales-and-purchase-agreement-until-2031\/"},"modified":"2026-01-26T15:31:50","modified_gmt":"2026-01-26T19:31:50","slug":"vitol-and-best-extend-lng-sales-and-purchase-agreement-until-2031","status":"publish","type":"noticias","link":"https:\/\/inspenet.com\/en\/news\/vitol-and-best-extend-lng-sales-and-purchase-agreement-until-2031\/","title":{"rendered":"Vitol and BEST extend LNG sales and purchase agreement until 2031"},"content":{"rendered":"\n<p>Brunei Energy Services &amp; Trading (BEST) and energy multinational Vitol <strong>announced the extension<\/strong> of their strategic <strong>LNG sales and purchase<\/strong> agreement, which secures the supply of the fuel until 2031.<\/p>\n\n<p>This new pact extends the commercial relationship initiated in 2022, when both companies signed a contract to <strong>supply 0.4 million tons per year<\/strong> of liquefied natural gas to Vitol&#8217;s operations in Asia, with deliveries beginning in 2023. Now, the commitment extends beyond the original 5 years, and includes up to <strong>4 annual LNG cargoes between 2028 and 2031<\/strong>. <\/p>\n\n<h2 class=\"wp-block-heading\">An agreement focused on Asia<\/h2>\n\n<p>The decision to extend the agreement underscores the strength of the <strong>relationship between Vitol and BEST<\/strong>, as well as the relevance of the <strong><a href=\"https:\/\/inspenet.com\/en\/news\/global-natural-gas-demand-to-increase-in-2026-with-lng-boost\/\" target=\"_blank\" rel=\"noreferrer noopener\">relevance of liquefied natural gas as a source<\/a><\/strong> as a source of regional energy security. Vitol, one of the world&#8217;s leading global energy traders, will use these cargoes to strengthen its flexible and reliable supply to Asian customers. <\/p>\n\n<p>From BEST, its executive director, Yang Mulia Hajah Sharidatul Maryani Binti Hj Md Saidin, said that this step reaffirms the operational capacity of Brunei&#8217;s state-owned company.<\/p>\n\n<h2 class=\"wp-block-heading\">Brunei, a stable player in the energy market<\/h2>\n\n<p>The extension of the agreement reinforces Brunei Darussalam&#8217;s position as a reliable LNG exporter. Its energy industry seeks to <strong>adapt to changes in the international market<\/strong> through strategic alliances with companies such as Vitol, which also boosts its local economy. <\/p>\n\n<p>For his part, Pablo Galante Escobar, head of LNG and Gas &amp; Power for EMEA at Vitol, stressed that the company values the collaboration with BEST and sees opportunities to further expand cooperation with the Asian country.<\/p>\n\n<h2 class=\"wp-block-heading\">Energy stability in a changing context<\/h2>\n\n<p>In a global scenario where countries are seeking to diversify sources of supply, agreements such as the Vitol and BEST one allow for the consolidation of <strong><a href=\"https:\/\/inspenet.com\/en\/brief\/sixth-edition\/energy-transition-create-value\/\" target=\"_blank\" rel=\"noreferrer noopener\">stable and predictable<\/a><\/strong> stable and predictable energy routes. In addition, the commitment to planned deliveries until 2031 reinforces the <strong>importance of LNG<\/strong> as a key alternative within the energy transition. <\/p>\n\n<p>The natural gas sector continues to be a strategic player for emerging markets in Asia, and Brunei aims to remain a relevant partner thanks to its specialized production and logistics capabilities.<\/p>\n\n<p><strong>Source: <a href=\"https:\/\/www.vitol.com\/brunei-energy-services-trading-best-and-vitol-announce-extension-of-strategic-lng-sales-agreement\/\" target=\"_blank\" rel=\"noreferrer noopener\">Vitol<\/a><\/strong><\/p>\n\n<p><strong>Photo: Shutterstock<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Brunei will consolidate its role as a reliable energy supplier in Asia with new shipments of liquefied natural gas.<\/p>\n","protected":false},"author":10019,"featured_media":331365,"menu_order":0,"comment_status":"open","ping_status":"open","template":"","meta":{"_acf_changed":false,"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"footnotes":""},"categoria_noticias":[13026,13036],"etiqueta_noticias":[],"class_list":["post-331379","noticias","type-noticias","status-publish","has-post-thumbnail","hentry","categoria_noticias-energy","categoria_noticias-oil-and-gas"],"acf":[],"_links":{"self":[{"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/noticias\/331379","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/noticias"}],"about":[{"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/types\/noticias"}],"author":[{"embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/users\/10019"}],"replies":[{"embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/comments?post=331379"}],"version-history":[{"count":0,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/noticias\/331379\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/media\/331365"}],"wp:attachment":[{"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/media?parent=331379"}],"wp:term":[{"taxonomy":"categoria_noticias","embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/categoria_noticias?post=331379"},{"taxonomy":"etiqueta_noticias","embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/etiqueta_noticias?post=331379"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}