New Fortress to develop LNG-to-power infrastructure in Angola

New Fortress to develop LNG-to-power infrastructure in Angola
Illustration only. Image source: Pixabay under CC0 Creative Commons license.

New York City-based New Fortress Energy (NFE) signed a memorandum of understanding (MOU) with the Angolan authorities to develop a liquefied natural gas (LNG) terminal to supply natural gas to Angola for power generation.

Under the MoU signed with the Angolan ministry of mineral resources and petroleum, ministry of energy and water and ministry of finance, New Fortress would fund, build, and operate an LNG import and regasification terminal and supply gas to power and industrial facilities across Angola.

It also agreed to work with the ministry of mineral resources and petroleum to explore the development of additional indigenous natural gas resources and a domestic liquefaction facility, New Fortress said in its statement.

“The signing of this MOU is the first step in moving Angola to become a gas economy,” Diamantino Azeved, minister of mineral resources and petroleum, said.

The MOU is non-binding on the parties, and actual terms of any definitive agreement may differ from the terms of the MOU, New Fortress said.

Share this article

Follow LNG World News

Events>

<< Oct 2019 >>
MTWTFSS
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

CWC World LNG Summit & Awards Evening

The CWC World LNG Summit & Awards Evening will be returning to Rome in 2019 to celebrate it’s 20th year.

read more >

LNG Bunkering Mediterrean

The only 3-day course offering theoretical and practical training on LNG bunkering designed by the Mediterranean market leaders.   

read more >

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >

FLNG World Congress 2019

2019 FLNG World Congress will bring together stakeholders across the floating liquefaction value…

read more >