The government of Angola through the Ministry of Mineral Resources and Petroleum, Ministry of Energy and Water and Ministry of Finance, entered a memorandum of understanding (MoU) with New Fortress Energy.
The MoU has been inked for development of a liquefied natural gas (LNG) terminal to supply natural gas for power generation.
Under the agreement, New Fortress Energy will fund, build, and operate an LNG import and regasification terminal and supply gas to power industrial facilities across the country.
The company will work with the Ministry of Mineral Resources and Petroleum to explore the development of additional indigenous natural gas resources and a domestic liquefaction facility.