Angola LNG pens supply deal with Glencore
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%).