Angola to Lease out LNG Tankers

May 26, 2014

Angola will be leasing out its LNG tankers for awhile to offset expenses while its LNG facility is shut down. The LNG facility will be offline for at least a couple months after a major flare line crippled output.

There are seven LNG carriers in total, all seven will be leased out until further notice. According to a Reuters report one of the tankers has already been chartered to a shipper and is due to load a cargo soon.

“The other ships are currently being discussed … some of the charters being discussed are at least until July or August,” a source was quoted in the report.

Copyright, Petroleum Africa, 2014.