Bandar Seri Begawan, BRUNEI – Brunei Energy Services & Trading (BEST) and Vitol are pleased to announce the extension of their Liquefied Natural Gas (LNG) Sale and Purchase Agreement (SPA). The Extension reinforces the strong, multi-year partnership between the two companies and underscores their shared commitment to global energy security.
The original agreement, signed in 2022 with deliveries commencing in 2023, established a supply of approximately 0.4 million tonnes per annum (mtpa) to Vitol’s Asian operations over a five-year term. Under the newly signed extension, BEST will continue to supply Vitol with up to four LNG cargoes per annum from 2028 through 2031.
This extension reflects the deep the level of trust and operational excellence established between BEST and Vitol. It Further highlights BEST’s growing role as a premier energy services provider and Brunei Darussalam’s reputation as a dependable source of LNG in the international market.
Yang Mulia Hajah Sharidatul Maryani Binti Hj Md Saidin, Chief Executive Officer at BEST, commented:
“We are delighted to further strengthen our partnership with Vitol through this agreement extension. This milestone is a testament to the reliability of our operations and the strength of the relationship we have cultivated since 2022. By Securing this extension into 2031, BEST continues to demonstrate its capability to meet the evolving needs of the global energy market while contributing to the long-term growth of Brunei’s energy sector. We look forward to a continued, mutually beneficial collaboration with Vitol.”
Pablo Galante Escobar, Head of LNG and EMEA Gas and Power at Vitol, said:
“We are delighted to extend our long-term LNF SPA with BEST, a highly respected and important partner. We look forward to strengthening our partnership with BEST and Brunei Darussalam and working on further opportunities. Vitol is committed to offering reliable and flexible LNG solutions to customers worldwide.”
About BEST
Brunei Energy Services & Trading (BEST) is a leading energy in Brunei Darussalam, dedicated to providing world-class energy services and trading solutions to the global market.
About Vitol
Vitol has traded LNG for over 20 years. It is expanding its presence globally and in 2025 delivered over 17m Mt millions tonnes of LNG worldwide. Vitol is a leader in the energy sector with a focus on delivering efficient and sustainable energy solutions across the globe.
