Japanese-Canadian consortium to transport Angolan natural gas

6 August 2007

Tokyo, Japan, 6 Aug – Mitsui and Nippon Yusen of Japan and Teekay of Canada have been selected to transport Liquid Natural Gas (LNG) from Angola, Japanese media have reported.

The consortium has reached a pre-accord with Angola LNG, a venture involving Angolan state energy company Sonangol (36.6 percent of shares), Chevron (36.4 percent), Total (13.6 percent) and BP (13.6 percent) for the sea transport of gas from Angola.

The contract, worth about 270 billion yen according to Japanese media, will be signed in September and the consortium will use four LNG carriers to transport the gas. (macauhub)