Angola LNG Limited ("ALNG") and Glencore Energy UK Limited ("Glencore") have executed a multiyear LNG sales agreement, under which ALNG will deliver LNG cargoes to Glencore at destinations around the world.
Angola LNG Marketing Ltd said: "Following on from the other sales agreements recently announced by ALNG, this is another step in building a strong sales portfolio with some of the most important players in the global LNG market. We look forward to our relationship with Glencore. These sales are all underpinned by the safe and reliable operations at ALNG's plant in Soyo."
Glencore commented: "Glencore is delighted to establish this long-term contract with ALNG. The agreement provides security of supply for both companies in their expanding portfolios and we look forward to a successful partnership."
About Glencore
Glencore is one of the world’s largest global diversified natural resource companies and a major producer and marketer of more than 90 commodities. The Group's operations comprise around 150 mining and metallurgical sites, oil production assets and agricultural facilities.
With a strong footprint in both established and emerging regions for natural resources, Glencore's industrial and marketing activities are supported by a global network of more than 90 offices located in over 50 countries.
Glencore's customers are industrial consumers, such as those in the automotive, steel, power generation, oil and food processing. We also provide financing, logistics and other services to producers and consumers of commodities. Glencore's companies employ around 160,000 people, including contractors.
Glencore is proud to be a member of the Voluntary Principles on Security and Human Rights and the International Council on Mining and Metals. We are an active participant in the Extractive Industries Transparency Initiative.
About Angola LNG
Angola LNG has built one of the world’s most modern LNG processing facilities, located 350km north of Luanda in Soyo, at the mouth of the Congo River. This landmark project for Angola stands out from other global LNG projects as the plant will initially be supplied with associated gas, produced during oil field operations. Angola LNG will therefore significantly contribute to the elimination of gas flaring in the country, allowing for the development of offshore oil reserves in a more environmentally sustainable manner.