News Industry

Angola Builds Out LNG Transport Capacity to Back Gas Expansion

Angola Builds Out LNG Transport Capacity to Back Gas Expansion
Friday, 10 April 2026 14:05
  • Sonangol orders two LNG carriers worth about $511 million
  • New vessels to support exports from Angola LNG project
  • Move aligns with broader push to scale up gas production

Angola’s state oil company Sonangol is stepping up its gas strategy with plans to expand its fleet of liquefied natural gas (LNG) carriers.

According to reports published April 8, the company has ordered two LNG tankers for a total of 770.2 billion South Korean won, or about $511 million. The order was placed with HD Korea Shipbuilding & Offshore Engineering, part of the HD Hyundai group, with construction to be handled by its subsidiary HD Hyundai Samho Heavy Industries.

Each vessel will have a capacity of 174,000 cubic meters, with delivery expected by September 2029, according to regulatory filings in South Korea’s DART system.

The deal follows an earlier order announced this year for a separate LNG carrier valued at about $251 million, also awarded to the same South Korean group and scheduled for delivery in 2028.

Together, these vessels are intended to transport LNG produced in Angola, supporting the country’s export operations, particularly through the Angola LNG project.

Once delivered, the new tankers will strengthen Sonangol’s existing fleet, which includes 17 oil tankers and five vessels dedicated to transporting liquefied gas, according to Offshore Energy data published in February 2026.

Since 2024, Angola has intensified efforts to monetize its gas resources and boost LNG exports. The country’s sole liquefaction plant, located in Soyo, has a capacity of 5.2 million tons per year but has historically operated below that level due to limited gas supply.

To address this, several upstream projects have been launched. TotalEnergies announced in March 2026 that the New Gas Consortium has begun developing the Quiluma and Maboqueiro fields, expected to produce about 330 million cubic feet of gas per day at peak—equivalent to around 2 million tons of LNG annually.

In parallel, Chevron confirmed in late 2024 that the Sanha Lean Gas project has entered production and is already supplying the Soyo plant.

These developments reflect Angola’s broader strategy to increase gas output and fully utilize its LNG infrastructure as it seeks to expand its role in global energy markets.

Abdel-Latif Boureima

On the same topic
WAF produced 107,728 ounces of gold in Q1 2026 Kiaka mine now accounts for the majority of output Company remains on track to meet annual...
Sonangol orders two LNG carriers worth about $511 million New vessels to support exports from Angola LNG project Move aligns with...
Fortuna Mining reported 42,016 ounces of gold production in Q1 2026, up 9% year-on-year. The company maintained its annual production...
Nigeria increased gas reserves by about 5 trillion cubic feet to 215.10 Tcf in one year. Oil and condensate reserves remained broadly stable at...
Most Read
01

EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...

EBID Charts Green Shift to Finance West Africa’s Growth
02

BCEAO mandates all financial institutions to complete integration Move aims to ensure seamless, i...

BCEAO Imposes June 30 Deadline to Complete Instant Payments Integration
03

Flutterwave secures Nigerian banking license to offer credit and savings License enables direct d...

Flutterwave Secures Banking License in Nigeria, Joining Push by Fintechs Like Revolut, Wise
04

This week, Africa’s health outlook is shaped by mounting supply chain risks tied to global tensions,...

Weekly Health Update | Africa Faces Health Supply Risks; DRC Ends Mpox Emergency
05

MTN Ghana completes separation of mobile money into new entity Move aims to boost fintech growth ...

MTN Ghana Completes Mobile Money Spinoff, Creates Standalone Fintech Entity
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.