Angola LNG pens supply deal with Glencore

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Chevron-led Angola LNG has signed its third LNG sales agreement during the month of September, tying up with Glencore.  

Under the multi-year agreement, Angola LNG will deliver LNG cargoes to Glencore Energy UK at destinations around the world.

In its statement on Wednesday, Angola LNG noted that following on from the other the contract with Glencore adds to building a sales portfolio in the global LNG market.

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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Godwin Okafor is a financial journalist, Internet Social Entrepreneur and the Founder Naija247news Media Ltd He has over 16 experiences in journalism, which cuts across traditional and digital media. He started his journalism career in Business Day, Where he was a senior editorial graphic artist, before he left to start Naija247news, An Online Financial Newspaper in 2010. He has won series of awards and he is the chairman of Emmerich Resources Limited, the publisher of Naija247news.com and also sits on the board of Students In Business Awards, (SIBA).

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