Luanda, Angola, 17 Sept – The Liquid Natural Gas (LNG) project in Soyo, Angola, is going according to plan, Angola’s Oil Minister, Botelho de Vasconcelos said Wednesday after a meeting of the Council of Ministers to analyse the project aimed at increasing production of processed fuel in Angola.
The Angola LNG is a joint venture between BP Exploration (13.6 percent), Chevron (36.4 percent), ExonMobil (13.6 percent), Sonangol (22.8 percent) and Total (13.6 percent).
Angola LNG last May started construction of a gas pipeline to transport gas from the sea to the coast, as part of the project to produce liquid gas.
The project, which will be over 25 kilometres long is the responsibility of two construction companies, British company Acergy for the sea section and France’s Spie for work on land.
The LNG project is being set up in the Angolan province of Zaire, in the city of Soyo.
The project is expected to cost over US$17 billion and due for conclusion in 2012. (macauhub)