Angola LNG seeks LNG transportation vessels

Uchenna Izundu
International Editor

LONDON, Aug. 6 -- Angola LNG has signed a letter of intent with a consortium led by Mitsui & Co. to charter four new LNG vessels for 20 years starting in 2011.

The consortium, which also includes NYK Bulkship (Europe) Ltd., and Teekay Corp., hopes to construct membrane type LNG ships that have a capacity of 160,400 cu m each.

The consortium will establish a new company to manage the ships. Mitsui will hold 34% in the company, NYK Bulkship 33%, and Teekay 33%.

"Final award of the charter contract is still subject to certain conditions," Mitsui said. The consortium will work out detailed contract terms with the Angola LNG project, and it plans to place the order for four new LNG vessels once the conditions are met. These are expected "around the end of September," said Mitsui.

Angola LNG, led by Chevron Corp., is a 5-million-tonne/year liquefaction plant in Zaire Province, near Soya in northwestern Angola, that would export cargoes to the US beginning in 2011. The plant will use associated gas that otherwise would be flared.

Contact Uchenna Izundu at

Related Articles

Chevron to increase production, maintain capex level through 2017

03/13/2014 Chevron Corp. will increase production by 20% through 2017 without raising capital expenditures, executives said Mar. 11 at the company's annual se...

IHS CERAWeek: Oil executives cite rising business costs

03/04/2014 Demand for all types of energy continues to increase as oil and gas companies adapt to handle the ever-rising costs of finding and producing hydroc...

Chevron gets approval for Alder field, reaches FID

01/20/2014 Chevron Corp. UK subsidiary Chevron North Sea Ltd. has reached a final investment decision (FID) and received approval from the UK government to pr...

Feds call for revamp in safety regulation at US refineries

12/23/2013 The US Chemical Safety Board (CSB) has proposed a more-rigorous safety management regulatory framework for refineries in California that could exte...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!


Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected