LNG

Angola, a liquefied natural gas exporter in the Atlantic Basin for more than 10 years, said it was leaving the Organization of Petroleum Exporting Countries because membership of the crude oil cartel was not serving its interests.

Angola, the southwest African LNG producer and holder for 2021 of the current rotating Presidency of the Organisation of Petroleum Exporting Countries (OPEC), has conducted  a successful oil and gas bidding round and on September 23 will name concession winners.

Angola, the southwest African LNG producer, has found a willing exploration and production partner in Italian energy company Eni, which has plans to invest around $7 billion in Angola over the next four years along with other partner companies.