PETROLEUM & REFINED FUELS
Jet Fuel, Diesel, LNG and Crude Oil
Through simple-yet-effective agreements which create a portfolio that’s perfectly suited to the needs of our clientele, Vennwest supplies refined fuels and crude feedstock from our well-fostered network of facilities and partners in Europe, the Middle East, & the Americas.
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VIEW OUR Transaction Method Options

THE VENNWEST ADVANTAGE
Low Competition: High Barrier-To-Entry Due To Large Capital cost required to execute on resource transactions
Current Transactions Available Daily
Transactional Procedures (Simple & Effective To Reduce risk For Refineries And Buyers)
International Reach & Experience in high level transactions
EN590
10 ppm ULSD
JET A1
Aviation Fuel
CRUDE
Including Oman, Yeman, UAE & Kuwait
LNG
Liquid Natural Gas
Transaction Method Options
PARTNERS
VGT proudly offers the following options to suit the needs of our energy commodity cliente:

Payment in USD currency and transfer of title.
Buyer demonstrates financial capability (MT199)
SPA with firm pricing

SBLC & reciprocal performance bond

Proof of product

Payment & title transfer
Vennwest Clearinghouse Account to give buyer & seller confidence in lawful transactions.
Vennwest Counter-Trade Payment In Kind: Payment in leu / off-set by future production through a Country Block Production Sharing Agreement with VennWest.

CLEARINGHOUSE PAYMENT STRUCTURE

LINE OF CREDIT FACILITY

 
PARTNERS
VennWest Global Technologies has a number of subsidiaries or partners to bring into play depending on the needs of the client.

• ENERTRADE (Canada)
• ENERTRADE International (Barbados)
• Matterhorn LNG
• Niner Energy Limited
• Met Espano Energia SA (Spain)

CLEARINGHOUSE PAYMENT STRUCTURE
Vennwest has a relationship with a trust company that manages the banking process to receive, clear and distribute the funds to refineries to ensure the product is transferred into buyer’s network of storage and/or transportation.
Here is an example Clearinghouse Transaction using the following criteria:

Buyer: Vennwest Customer
Clearinghouse:Trust Company-Vennwest
Intermediaries: TBA (If applicable)
Supplier: Refinery
Name Of Product: ULSD EN590
Monthly Quantity: 200,000MT
Product Cost: $720/MT
Commissions & Clearing: $10/MT
Buyer Cost: $730/MT

To learn more about our procedures, tools and processes please CONTACT US.

Buyer Pays VGT Clearinghouse Account $730/MT
VGT Clearinghouse Account Receives, Clears Then Automatically Pays Based On Account Policy And Instruction Of $730/MT

Refinery
$720/MT

Intermediary
Negotiated %
(If Applicable)

VGT
$10/MT
Minus Bank Fees & Intermediaries

ILOC AMOUNT
$500M USD Irrevocable Line Of Credit as required by all National Energy Companies (NEC’s).

 

DOCUMENTARY Letter Of Credit
By Vennwest & TD Canada Trust. VennWest to use subsidiaries, ENERTRADE (Canada) and ENERTRADE International (Barbados), as its operating entities.

 

Current Banking Institutions
National Bank, RBC, CIBC, BMO, Goldmans, MorganStanley, DeutscheBank, ING, ATB, Gabelli, TriWest, Clear North

 

USE OF FUNDS
To obtain leverage with primary producers (Public & National Energy Companies) to obtain allotments of product (e.g., LNG, JET-A1, D2&6 Diesel). Finance the purchase, resale, logistics, insurance and all intermediary costs to carry out commodity transactions. Transactions will be risk profile screened, vetted, & pre-negotiated. Vennwest will contractually have buyer/seller & proof of seller product and buyer funds prior to purchasing a commodity and transfer of title.

 

LINE OF CREDIT (ILOC, SBLC – DLOC)
Strengthens Vennwest’s position by covering transaction costs and/or credit worthiness for allotment assignment and storage facility rights.

 

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VGT CANADA
Office 1600
421 – 7th Avenue SW
Calgary, Alberta
T2P 4K9
Canada

VGT USA
2049 Century Park East
Suite 2600
Los Angeles, CA
90067
United States