Vitol divests VGMobility, the largest sustainable transportation platform in Latin America
The platform has over 2,600 electric buses and transports 250 million passengers annually.
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Global energy and commodities trader
vitol.comLast updated
In short: Vitol reported a $343 billion turnover for 2025 and distributed $5.9 billion to shareholders while advancing major global LNG projects.
The platform has over 2,600 electric buses and transports 250 million passengers annually.
VTX produces 60,000 boe/d in Texas's Delaware Basin. Sale price undisclosed.
Vitol will supply 1.0 mtpa of LNG on a FOB basis for 20 years, reinforcing IRH's energy supply.
Vitol is equity investor and largest offtaker, with 1.4MTPA volumes. Project cost ~$5B, expected production in 2030.
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