IRH and Vitol Finalize 20-Year LNG Supply Deal for 1.0 mtpa to Strengthen Global Energy Security
IRH Global Trading Ltd., a subsidiary of International Resources Holding (IRH), and Vitol Inc. have announced the execution of a long-term natural gas Sale and Purchase Agreement (SPA), further building on the initial announcement made on 5 November 2025.
Under the terms of the agreement, Vitol will supply 1.0 million tonnes per annum (mtpa) of liquefied natural gas (LNG) on a free-on-board (FOB) basis to IRH.
The contract spans 20 years and is designed to support IRH’s strategy of securing stable, diversified, and long-term energy supplies in response to rising global demand.
Ali Rashed Al Rashdi, Chief Executive Officer of IRH, described the agreement as a key milestone in the company’s energy portfolio strategy.
He stated that the partnership with Vitol enhances IRH’s ability to secure dependable long-term LNG supply while expanding its footprint across major international gas markets.
Pablo Galante Escobar, Global Head of LNG and European Gas & Power at Vitol, said the agreement reflects Vitol’s commitment to reliable global LNG delivery.
He noted that IRH is part of one of the most significant investment groups in the Middle East and emphasized Vitol’s ability to leverage its diversified LNG portfolio to meet long-term customer needs.
He also highlighted expectations of continued collaboration between the two companies.
