Stakeholders in the Angola LNG Project set up support companies for the project

31 July 2009

Luanda, Angola, 31 July – Angola LNG Limited’s stakeholders, Sonangol Gás Natural, Cabinda Gulf Oil Company, BP Exploration (Angola), ENI Angola Production BV and Total LNG Angola announced Thursday the creation of two companies to support the project’s development.

According to Jornal de Angola newspaper, the Sociedade Operacional Angola LNG (Angola LNG Operating Company – OPCO) will be responsible for Angola LNG’s manufacturing operations and the Sociedade de Operações e Manutenção de Gasodutos (SOMG) will operate and maintain the gas pipe network.

Construction of the LNG factory began in mid-2008, while construction work on the gas pipeline began in May 2009.

The completion of the gas pipeline work is expected to be 2011, with the project’s first liquefied natural gas to be delivered to the US natural gas market at the beginning of 2012.

The LNG Angola project will initially use natural gas from blocks 0, 14, 15, 17 and 18, including gas from Quilima, Enguia Norte, Atum and Polvo fields.

Gas from the maritime zone is collected and transported by gas pipeline to the on-land liquefaction plant near Soya in Zaire province.

The Angola LNG project is expected to take delivery of some 1 billion cubic feet of gas per day from the offshore oil production blocks and to produce 5.2 million tons of liquid natural gas (LNG) and liquid gas derivatives per year.

The project should process up to 125 million cubic feet of gas per day for industrial use.

More than 4,000 workers of various nationalities are involved in the Angola LNG project, 2,000 of which are Angolan (macauhub)