LNG is sold on either a Delivered Ex Ship (DES) to a terminal nominated by the buyer or Free On Board (FOB) basis where the buyer will arrange collection from Soyo. All other products are sold on an FOB basis.
A fleet of seven 160,000 m3 LNG vessels has been chartered on a long term basis to transport Angola LNG cargoes to customers around the world. At full production, up to 70 LNG cargoes will be delivered globally from Angola every year.
Four vessels are owned by a consortium comprising Mitsui, NYK and Teekay (MiNT). The operation of those ships is performed by NYK and Teekay, with each operating two vessels. Three vessels are owned by Sonangol Shipping, and operated by Chevron Shipping.
Fleet operations are under continuous review to comply with the International Maritime Organisations energy efficiency improvement and carbon reduction mandates effective from January 2023.
