Study sees Angola LNG project feasible but uncertain

A recently completed review of an LNG project in Angola by Wood Mackenzie Ltd., Edinburgh, has found the project holds great promise but remains threatened by, among other concerns, doubts about its gas sources and its ability to meet the projected start-up date.As proposed by Sonangol EP (Angola's state oil company), ChevronTexaco Inc., ExxonMobil Corp., BP Exploration (Angola) Ltd., Statoil ASA, TotalFinaElf E&P Angola, and Norsk Hydro ASA, the project would use associated gas from offshore oil fields.According to Wood Mackenzie, the consortium believes the development initially would consist of a 4 million tonne/year (tpy), $2 billion, single-train facility. A second train would be...

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