africa Angola commodities Economy export Gas Natural Resources

Glencore signs deal with Angola LNG

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Natural resource commodities producer and trader Glencore Energy, together with Angola LNG have executed a multiyear LNG sales agreement, under which ALNG will deliver LNG cargoes to Glencore at destinations around the world.

“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,” said Angola LNG Marketing Ltd.

Glencore added that they were delighted to establish a 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,” said the miner.

Source: MiningNews


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