Luanda, Angola, 19 Jan – The Angola LNG company expects to start exporting liquid natural gas (LNG) in the first quarter of 2012, Angola’s oil minister, José Maria Botelho de Vasconcelos said Tuesday in Luanda.
At that time, the minister said citing the schedule for the project, work on the natural gas processing unit would be 62 percent complete.
The minister also said that his ministry is working on drawing up the legislation to regulate natural gas exploration in Angola.
The Angola LNG project will make use of natural gas for export and feeding the Angolan petrochemical industry, preventing the burning off of the gas at oil rigs.
The Angola LNG project is a partnership of BP Exploration (13.6 percent), Chevron (36.4 percent), Exxonmobil (13.6 percent), Sonangol (22.8 percent) and Total (13.6 percent).
The Angola LNG project, for production of liquid natural gas, is expected to produce 5.2 million tons of gas per year.
Angola LNG is being built in Soyo, northern Angola. (macauhub)