Vitol’s Unit ViGo Acquires PitPoint.LNG
03.08.2024 By Tank Terminals - NEWS

March 8, 2024 [LNG Prime]- Vitol’s subsidiary ViGo Bioenergy has acquired PitPoint.LNG, the Dutch joint venture between TotalEnergies and SHV Energy.


Oaklins, who acted as the exclusive M&A sell-side advisor to TotalEnergies and SHV, revealed the deal in a statement on Thursday.

The company did not provide further details regarding the acquisition.

With this deal, Germany’s ViGo expands its international station network for alternative fuels and strengthens its European LNG and bio-LNG position.

According to its website, PitPoint.LNG currently operates 12 heavy-duty LNG stations in the Netherlands, Belgium, and Germany, and one bunkering station for inland waterway vessels in Cologne, Germany.

On the other hand, ViGo recently launched a bio-LNG station for vehicles in Germany’s Braunschweig and now has 28 stations in operation with more planned.

Back in 2021, energy trader Vitol bought Berlin-based LNG firm Liquind, now renamed ViGo Bioenergy.

Germany hosts the largest number of LNG fueling stations for trucks.

Recent data by Gmobility, previously known as NGVA Europe, showed that Germany had 185 LNG filing stations, while Italy had 146 such stations.

Last year, European network of LNG fueling stations for vehicles reached 700 stations due to a growing demand for LNG and bio-LNG in the transport sector.


Free Trial: Access 13,300 Tank Terminal and Production Facilities

13,300 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

Oman Signs 10-Year LNG Supply Deal with Shell
04.17.2024 - NEWS
April 17, 2024 [Microsoft Start]- Oman LNG has signed a 10-year liquefied natural gas supply agre... Read More
Neuman & Esser to Build Green Hydrogen Plant in Chile
04.17.2024 - NEWS
April 17, 2024 [Gas Compression Magazine]- Neuman & Esser was awarded a contract from Empresa... Read More
Engie Buys Two Dutch Biogas Sites, Hunts for More
04.17.2024 - NEWS
April 17, 2024 [Reuters]- French energy company Engie (ENGIE.PA), opens new tab has acquired tw... Read More
Shell Named NanoVapor as Best Technology to Make a Tank Safe
04.17.2024 - NEWS
April 17, 2024 [Storage Terminals Magazine]- Shell Retail Engineering Network has recently implem... Read More