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  • Angola LNG and RWE conclude LNG sales agreement
    édité le 11/09/2017

Angola LNG and RWE conclude LNG sales agreement
Angola LNG Limited (“ALNG”) and RWE Supply & Trading (“RWEST”) have entered into an LNG sales agreement, under which ALNG will deliver LNG cargoes to RWEST at destinations around the world.

Angola LNG Marketing Ltd, said: “Angola LNG is operating safely and reliably. 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. We are pleased to be working with RWE and look forward to a mutually beneficial relationship.”

RWEST said: “We are very pleased to have entered into this agreement with Angola LNG. These LNG purchases will be added to our portfolio and enable us to expand our business further to take advantage of the significant opportunities we see in the global LNG market.”

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.

About RWE

RWE Supply & Trading is a leading European energy trading house. The company is responsible for the economic optimisation of power generation and the entire non-regulated gas business of RWE. Its 1,100 employees are active players on the global wholesale markets for energy and energy-related raw materials in both their physical and derivative forms. Their portfolio also includes emission certificates, freight, weather derivatives, and biomass. Large industrial companies and trading partners are offered long-term delivery concepts by RWE Supply & Trading next to trading-based portfolio and risk management solutions.

Origine : Communiqué Angola LNG

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