Angola LNG inks supply deal with Germany’s RWE

Image: Angola LNG

Chevron-led Angola LNG, the country’s only liquefied natural gas producer, has entered into a supply deal with German utility RWE’s trading subsidiary.

This is the second deal this month for the LNG producer following the Vitol supply agreement last week.

Under the new deal, Angola LNG cargoes will be delivered to RWE Supply & Trading at destinations around the world, the producer said in a statement on Monday without providing any additional information.

“This agreement is a further demonstration of Angola’s increasing role in global LNG, providing LNG all over the world and establishing relationships with a series of important international LNG market players,” Angola LNG said in the statement.

The $10 billion Angola LNG project includes a liquefaction plant located in Soyo that is able to produce 5.2 million tons per year of the chilled fuel.

Angola LNG is a joint venture between Sonangol (22.8%), Chevron (36.4%), BP (13.6%), Eni (13.6%), and Total (13.6%).

 

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