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.

Related Articles

ETP unit gets FERC approval for gas exports to Mexico

03/21/2014 Energy Transfer Partners LP unit Houston Pipe Line Co. LP (HLPC) has received approval from the US Federal Energy Regulatory Commission to build a ...

Millennium Pipeline appoints president

03/20/2014 Millennium Pipeline Co. LLC has selected Joseph Shields as its president. He succeeds Rocco D’Alessandro, who held the position beginning in May 20...

Shah Deniz II, South Caucasus Pipeline contracts awarded

03/20/2014 The Shah Deniz and South Caucasus Pipeline consortia awarded project management and construction contracts for the development of Shah Deniz Stage ...

MARKET WATCH: NYMEX crude prices rise on Seaway pipeline expansion news

03/19/2014 Crude oil futures prices rose on the New York market Mar. 18 after Enterprise Products Partners LP told analysts and investors that an expanded Sea...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected