DT Group and Sonangol trading arm Sonaci announced plans in 2013 for a joint venture trading Liquid Natural Gas (LNG) in global markets, operating from Singapore and Geneva. The new business will source product from international markets and trade volumes earned in market tenders by Angola LNG.
Angola LNG operates one of the world’s most modern LNG processing facilities in Zaire province. Supplied by offshore gas reserves, it has a projected annual production capacity of 5.2 billion cubic metres, equivalent to 4.7 percent of the country’s oil production.
cubic feet offshore gas reserves
Angola annual GDP growth from LNG production