Angola LNG tenders to sell second post-shutdown cargo -sources

angola lng

Angola’s liquefied natural gas (LNG) export plant has launched a tender to sell its second cargo since shutting down in April 2014 for extensive repairs, trade sources said on Monday.

The plant offered its first post-shutdown LNG cargo for sale last week, marking the plant’s return to service after a more than two year hiatus during which time prices for the fuel collapsed.

The second shipment has been loaded onto a vessel and awaits the outcome of the tender, a source said.

Chevron has a 36.4 percent share in Angola LNG, while Angolan state oil firm Sonangol has 22.8 percent. Other stakeholders include Total, BP and ENI .

Source: Reuters