Trade

Angola LNG enters into supply deal with EDF Trading to deliver LNG

Thursday, 24 March 2016 18:53

Angola LNG have signed a sales agreement with EDF Trading, for the supply of liquefied natural gas.

According to the two companies in a joint statement, Angola LNG is to supply several cargoes on an ex-ship basis (DES) from 2016 till 2018.

The Angola LNG plant which is a single-train facility with the capacity to produce 5.2 million tonnes per year closed the export plant in Soyo, in April 2014 following major break on a flare line but the $10 billion LNG project was re-commissioned in January 2016 and first cargo is expected to leave the export plant in Q2.

This deal marks an important milestone for Angola LNG as it re-enters the market,” Artur Pereira, the CEO of Angola LNG Marketing said.

Meanwhile the Chief Executive of EDF Trading, John Rittenhouse, has said that, through the deal, the company will be working together with Angola LNG to improve the LNG through the European wholesale market.

Angola LNG is a joint venture between Chevron, Sonangol, BP, Eni and Total with 36.4%, 22.8%, 13.6%, 13.6% and 13.6% interests respectively, LNG World news reports.

Anita Fatunji

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