Angola ready for LNG export


Angola’s first liquefied natural gas tanker arrived Friday, as the country prepares to start shipping methane, the international consortium behind the scheme said.

“The ship will undergo preliminary tests to dock and connect to the LNG plant,” said Angola LNG, which includes state-owned giant Sonangol as well as Chevron, BP, Total and ENI.

Angola, Africa’s second-largest oil producer after Nigeria, is expected to begin producing LNG in late June.

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Angola hopes to produce 5.2 million tonnes of LNG annually over the next 25 to 30 years, exporting to Europe, Japan and the United States.

The project began in 2007 and is the result of a $10 billion investment to build the LNG plant in the northern town of Soyo and to buy seven tankers from South Korea.

Chevron holds a 36.4 percent stake in the project, with Sonangol holding 22.8 percent. BP, Total and ENI each hold 13.6 percent.

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