First exports of natural gas from Angola may take place in 2010

4 June 2007

Luanda, Angola, 4 June – Angola may export the first natural gas derivatives to the United States in 2010 and 2011, depending on the conclusion of a gas liquefaction factory, the chief executive of Sonangol, Syanga Abílio has said.

In an interview with oil magazine “O Petróleo,” Abílio said that drainage work was currently underway in Soyo, where the development that will produce around 5 million tons of natural gas per year is being built.

When it has been concluded, the factory will process 125 million cubic feet of gas, a product which thus far has been burned off having been considered a by-product with no added value.

As well as having environmental benefits, with gas no longer being burned off, Abílio said there were other benefits such as the creation of new jobs with the project employing around 3,000 people in the construction phase, directly and indirectly.

“We currently have recognized reserves of 11 billion cubic feet, but this is not a fixed value as we continue to assess and look for more reserves,” said Abílio, adding that in the near future there would be more gas strikes. (macauhub)