Angola LNG sells natural gas to Électricité de France

29 March 2016

Angola LNG and EDF Trading, a subsidiary of the Électricité de France (EDF) group, signed a contract of sale and delivery of liquefied natural gas shipments, the Angolan company in a statement.

The signed contract covers the delivery of various natural gas shipments between the 2016 and 2018, according to the statement issued in Luanda.

Artur Pereira, CEO of Angola LNG Marketing Ltd, is quoted in the statement saying that this contract is “an important milestone for the parties” as it was signed shortly after the recent re-entry into operation of the Soyo processing unit, after a stoppage of two years.

The announcement was made in Beijing by the Oil minister, Botelho de Vasconcelos, when he said Angola LNG would resume production in June 2016.

Angola LNG was set up to collect, process and sell about 5.2 million tons of liquefied natural gas per year, in addition to propane, butane and condensates, from its manufacturing facilities in Soyo.

The project is considered one of the most modern in the sector and has a fleet of seven tankers and three LNG and compressed butane loading docks.

The company’s partners are Chevron US (36.4 percent), Sonangol (22.8 percent), BP Exploration, ENI of Italy and Total of France with 13.6 percent each. (macauhub/AO)