Close 

Chevron confirms first cargo from Angola LNG

Cabinda Gulf Oil Co. Ltd., a unit of Chevron Corp., confirmed that initial production of LNG has been shipped from the Angola LNG project, one of the largest energy projects in Africa.

The $10 billion project will collect and transport natural gas from offshore Angola to an onshore liquefaction plant on the coast near the Congo River.

The project has the capacity to produce 5.2 million tonnes/year of LNG, 63,000 b/d of natural gas liquids for export, and 125 MMcfd of natural gas for domestic consumption.

Angola LNG plans to use associated natural gas produced from existing crude oil operations operated by Chevron and other partners as well as new nonassociated gas from other offshore fields.

The first cargo was sold to Angola’s state-owned Sonangol and is currently being shipped to Brazil by the SS Sonangol Sambizanga, one of seven 160,000 sq m LNG vessels that are under long-term charter to the project.

“Angola LNG is entering the market at an exciting time. The world LNG market is expected to remain tight over the coming years, with very limited new LNG capacity coming on stream,” commented Artur Pereira, chief executive officer, Angola LNG marketing.

A large number of master LNG sale and purchase agreements have been executed with energy companies worldwide. Further agreements are being negotiated.

Cabinda holds a 36.4% interest in the joint venture, while Angola’s Sonangol holds a 22.8% interest. Other partners include subsidiaries of Total SA, BP PLC, and Eni SPA, each with a 13.6% interest.


To access this Article, go to:
http://www.ogj.com/content/ogj/en/articles/2013/06/chevron-confirms-first-cargo-from-angola-lng.html