Trading house Glencore is to buy liquefied natural gas (LNG) supplies from Angola LNG over a multi-year period, adding to similar recent deals between the producer and traders including Vitol.
Angola LNG on Wednesday said the deal was another step toward building its sales book with the most important players in the LNG market.
Last month it sold LNG to Vitol over a multi-year period and also entered a sales deal with the trading arm of Germany's RWE.
Until recently, Angola has been selling all of its LNG via competitive tenders in the spot market, partly because a previous plan to ship LNG to the US fell through because of the US shale gas boom.
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Angola LNG on Wednesday said the deal was another step toward building its sales book with the most important players in the LNG market.
Last month it sold LNG to Vitol over a multi-year period and also entered a sales deal with the trading arm of Germany's RWE.
Until recently, Angola has been selling all of its LNG via competitive tenders in the spot market, partly because a previous plan to ship LNG to the US fell through because of the US shale gas boom.
Read more......
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