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Angola LNG and EDF Trading enter into a Sales Agreement

Angola LNG Limited (“ALNG”) and EDF Trading Limited (“EDFT”), a wholly owned subsidiary of EDF S.A., would like to announce that they have entered into a flexible sales arrangement, for the delivery of liquefied natural gas (“LNG”) cargoes on an ex-ship basis (“DES”) from the ALNG plant in Soyo, Angola. The sales arrangement covers the delivery of multiple cargoes from 2016 through to 2018.

Commenting on the sales agreement Artur Pereira, CEO, Angola LNG Marketing said: “This marks an important milestone for Angola LNG as it re-enters the market. We look forward to working with EDF Trading.”

“We are looking forward to developing our relationship with Angola LNG”, said John Rittenhouse, Chief Executive, EDF Trading.  “Through this agreement, we will be working closely with Angola LNG to optimise the LNG through the European wholesale market”, he continued.

ENDS

For more information contact:

Tania Silva
Communications Advisor
Angola LNG Marketing Ltd
T +44 20 3697 5472
tania.silva@angolalng.co.uk

Michele Reid
Head of Communications
EDF Trading
T +44 20 7061 4232
michele.reid@edftrading.com


Notes to editors:

Angola LNG will gather, process, sell and deliver 5.2 million tons per year of LNG – plus natural gas, propane, butane and condensate – from its plant in Soyo, Angola; one of the world’s most modern LNG processing facilities. Angola is the second-largest oil producer in sub-Saharan Africa. Historically associated gas has been flared or re-injected into the reservoirs, but Angola LNG provides a solution to reduce emissions and establish a new source of clean energy.

Shareholders of Angola LNG Limited are Sonangol (22.8%), Chevron (36.4%), BP (13.6%), ENI (13.6%), and Total (13.6%).

Offering a dedicated fleet of seven LNG vessels and three loading jetties (LNG, liquids and compressed butane) Angola LNG’s mission is to contribute to the elimination of gas flaring, provide clean and reliable energy to customers and maximize return on investment.

www.angolalng.com

About EDF Trading

In the LNG market, EDF Trading is one of the world’s leading participants offering a complete range of services including purchase, supply and delivery, ocean-borne logistics, terminal capacity, regasification and nominations into pipeline networks.  It has LNG master agreements with all of the market’s key participants. 

EDF Trading is a leader in the international wholesale energy markets. It manages a portfolio of assets which give it the ability to source, supply, transport, store, blend and convert physical commodities around the world.  These capabilities enable EDF Trading to deliver essential asset optimisation services, risk management and wholesale market access to the EDF Group and its third party customers, helping them to realise the value inherent in their asset portfolios.

EDF Trading is active in the electricity, natural gas, LNG, LPG, coal and freight and environmental products markets.  It is one of the largest wholesale market traders in Europe for power and gas and one of the leading marketers of gas and power in the US.  Its subsidiary, EDF Energy Services is one of the main providers of generation services for power generation companies in the US and a leading US energy retailer for large commercial and industrial customers.

EDF Trading is a 100% owned subsidiary of EDF, the world’s biggest electricity generator.

EDF Trading has around 950 employees with offices in the UK, Europe, Singapore, China, the United States and Canada.

www.edftrading.com