Mon, 11 Sep 2017 14:35 - Updated Mon, 11 Sep 2017 17:30
Angola LNG sells gas to German-based company
Luanda - Angola LNG will supply gas to a European company based in Germany under the gas sales agreement signed by the parties.
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Cabinda : Economic development
This has been confirmed in a statement released Monday by the industrial consortium in Luanda.
The deal provide for gas supply by Angola LNG to RWEST in several parts of the world.
RWEST is a European energy trading company based in Germany with a strong presence in the Netherlands and the United Kingdom.
Angola LNG has recently signed a similar agreement with the Dutch company, Vitol, specialised in trade and distribution of energy products globally.
Angola LNG is an integrated project for the use of gas.
It comprises an onshore LNG processing plant, a marine terminal and loading facilities, as well as the possibility of developing non-associated gas (NAG).
The industrial consortium collects, processes and markets approximately 5.2 million tons of LNG.
The process including natural gas supplies to the domestic market and liquids (propane, butane and condensates) from its plant based in Soyo city, northern Zaire province.
Angola LNG shareholders are Angolan Sonangol (22.8%), North American Chevron (36.4), British BP (13.6), Italian ENI (13.6) and French Total (13.6).
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