×
×
Project Insights

Angola to build new LNG facilities

Angola looks set to build new LNG infrastructure as part of a pact signed with a US private equity fund, yet it still has much to do to develop a domestic market for gas Angola looks set to build new LNG infrastructure as part of a pact signed with a US private equity fund, yet it still has much to do to develop a domestic market for gas
By Felix Janvrin 13 June 2019 Middle East & Africa / LNG 0 34308
Angola LNG. (BP plc)

Angola’s government has signed a memorandum of understanding (MOU) with United States-based private equity-backed group New Fortress Energy to build the country’s first LNG terminal.

New Fortress Energy, founded in 2014, is developing an FSRU project in Jamaica and  an onshore terminal and accompanying power plant in Mexico. The Angolan facility would be its first venture into Africa, a region prone to complex developments given the higher value-chain risks and difficulty in replicating projects – problems that have been seen at other major gas projects in...