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News // Oil and gas worldwide

Angola LNG signed deal with Vitol

05 September 2017 , 13:00Neftegaz.RU357

Angola LNG reported on September 4, 2017, that it has entered into a multi-year LNG sales agreement with commodities trader Vitol.

 

Under the agreement, Angola LNG cargoes will be delivered to Vitol at destinations around the world.

 

Artur Pereira, CEO of Angola LNG Marketing, said: «This sales agreement is an important step for Angola LNG and demonstrates our ability to respond to the needs of our customers and the market. Vitol has already purchased many LNG cargoes from Angola LNG, and we look forward to continuing our successful relationship.»

 

Pablo Galante Escobar, Head of LNG of Vitol, added: «We are delighted to have entered into this agreement with Angola LNG. It is an exciting initiative for Vitol, we have a long history of investment and partnership across Africa and are pleased to add these LNG purchases to our portfolio.»

 

Chevron has a 36.4 % share in Angola LNG, while Angolan state oil firm Sonangol has 22.8 %.

Other stakeholders include Total, BP and ENI.

 

Vitol has been active within the LNG sector since 2005 and has delivered around 3 million metric tons of LNG in 2016.

 

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