Angola LNG signs new contract to supply liquefied natural gas

12 September 2017

Angola LNG will sell liquefied natural gas to RWE Supply & Trading, a European energy trading company based in Germany and with a strong presence in the Netherlands and the United Kingdom, the Angolan company said in a statement released on Monday in Luanda.

The contract signed with RWE is similar to that announced on 4 September with Vital, a company based in Rotterdam, with Angola LNG scheduled to deliver natural gas shipments in several parts of the world.

RWE Supply & Trading, established in 1999, has offices in Essen, Germany and London and Swindon, in the UK, and has satellite offices in several countries in Asia and America following the acquisition of Essent NV.

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 shareholders of Angola LNG Limited are Angola’s Sonangol (22.8%), US company Chevron (36.4%) and BP, Italy’s ENI and France’s Total, with 13.6% each. (macauhub)