International Resources Holding RSC Ltd., a leading mine-to-market platform and subsidiary of ePointZero, has signed a 20-year Heads of Agreement with Delfin LNG LLC and Vitol Inc. for the purchase and sale of 1.0 million tonnes per annum of liquefied natural gas from Delfin’s export facility in the United States.
Under the agreement, Delfin LNG, a US-based export infrastructure company, will supply LNG on a free-on-board basis to Vitol, one of the world’s largest independent energy traders, which will act as offtaker and deliver volumes to IRH Global Trading, IRH’s global trading arm, for a 20-year period. Definitive agreements are expected to be concluded in coming weeks.
The long-term partnership represents a major step in IRH’s energy expansion strategy under ePointZero, a diversified investment platform focused on sustainable energy, technology, and resources. By leveraging synergies across the ePointZero ecosystem, IRH aims to build a fully integrated energy and commodities platform, enhancing supply chain resilience and supporting global energy transition.
Ali Rashed AlRashdi, CEO of IRH, characterised the transaction as a major milestone in developing IRHGT’s global LNG portfolio. He expressed satisfaction with collaboration with Delfin and Vitol to help bring the project to Final Investment Decision soon. AlRashdi outlined IRH’s vision to build an integrated global trading platform headquartered in Abu Dhabi, with IRHGT actively expanding its presence across physical and financial markets in natural gas, power, crude oil, refined products, metals, and equities. He stated the agreement sets IRH on the path to becoming a reliable LNG supplier to valued clients worldwide.
Mohamed Hesham, CEO of ePointZero, commented that the agreement represents another step forward in building an integrated, future-ready energy platform. He noted that securing reliable resources through long-term partnerships secures downstream operations of ePointZero Group and ensures energy resilience for the ecosystem. Hesham stated the collaboration reinforces commitment to delivering diversified, efficient, and reliable energy solutions powering economies and communities across regions.
Dudley Poston, CEO of Delfin, expressed honor at being selected by IRHGT and Vitol as long-term LNG supplier, anticipating collaboration as the company makes Final Investment Decision on the first FLNG vessel in coming weeks. He expressed satisfaction with continuing the strong relationship with Vitol and adding another world-class trading organisation such as IRHGT to Delfin’s growing strategic partner list.
Pablo Galante Escobar, global head of LNG and European Gas & Power at Vitol, highlighted excitement about concluding the agreement with IRHGT and Delfin. He stated Vitol continues strengthening its position to safely and reliably deliver cost-effective, flexible LNG solutions to customers worldwide, expressing anticipation for expanding relationships with both IRHGT and Delfin. Galante Escobar noted that Vitol’s offtake commitments and investment-grade rating will help Delfin on its path to financial close.
The agreement follows other strategic initiatives, including IRH’s acquisition of a 56 percent stake in Alphamin Resources for AED 1.35 billion, one of the world’s largest and highest-grade tin producers; a Memorandum of Understanding signed in May with ePointZero to decarbonise global mining operations through a joint task force; and a September agreement with the Egyptian General Petroleum Corporation and the Egyptian Mineral Resources & Mining Industries Authority. Together, these initiatives highlight IRH’s growing role in advancing sustainable resource development, expanding trading capabilities, and strengthening global energy connectivity.
The three-party structure enables Delfin to secure long-term offtake supporting project financing, whilst Vitol provides credit strength and logistics capabilities connecting US LNG production with IRHGT’s end-use markets. The 20-year duration provides revenue certainty, supporting Delfin’s investment whilst securing IRHGT’s LNG supply for extended periods.
Delfin’s floating LNG export facility concept provides advantages, including potentially faster development timelines compared to onshore terminals and flexibility in location and eventual redeployment. The project’s progression toward Final Investment Decision indicates commercial structuring and regulatory processes are advancing toward construction commencement.
IRH Global Trading’s Abu Dhabi headquarters positions the entity within a major energy trading hub serving Asian, European, and African markets. The company’s expansion across multiple commodity markets creates a diversified trading platform supporting ePointZero’s broader objectives for integrated energy and resources businesses.
For more information visit www.vitol.com
