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Angola LNG Returns to Market with June Lifting

Posted by June 6, 2016

Angola's recently refurbished liquefied natural gas (LNGLF) (LNG) export project launched a tender late on Sunday to sell its first cargo since the plant was unexpectedly shutdown in April 2014, trade sources said.

According to tender document details relayed by traders, the cargo was loaded between June 3 and 5 on board the Sonangol Sambizanga tanker and bid submissions are due on the morning of June 13, trade sources said.

After producing a limited number of cargoes, Angola LNG will then be shut down again for additional testing, sources said.

Chevron (CVX) has a 36.4 percent share in the plant, while Angolan state oil firm Sonangol has 22.8 percent. Other stakeholders include Total, BP and ENI.


Reporting by Oleg Vukmanovic and Sarah McFarlane

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