Angola LNG signs contract for supply of natural gas with Vitol

5 September 2017

Angola LNG will supply liquefied natural gas (LNG) to Vitol under a multi-year agreement announced on Monday that stipulates that the Angolan company will place the product in destinations around the world.

“This sales agreement is an important step for Angola LNG and demonstrates our ability to respond to the needs of customers and the market,” said the sales director of the Angolan consortium, Artur Pereira.

Angola LNG is an integrated project for use of natural gas, with a processing unit, a maritime terminal and loading facilities, as well as the possibility of developing non-associated gas.

The consortium collects, processes and sells approximately 5.2 million tonnes of LNG (including natural gas supplies to the domestic market) and liquids (propane, butane and condensates) annually from its plant in the city of Soyo, in the Angolan province of Zaire.

The shareholders of Angola LNG Limited are Angolan national oil and gas company Sonangol, with 22.8% and US group Chevron (36.4%), BP (13.6%), Italy’s ENI (13.6%) and France’s Total (13.6%).

Vitol is a trading company for energy products and raw materials, which was founded in Rotterdam, the Netherlands, in 1966 and which trades more than 7 million barrels of oil and derivatives per day, transported by 250 ships. (macauhub)