The Angola LNG (liquid natural gas) project was presented Wednesday in Yeosu, South Korea, as part of Expo 2012, by the company’s president who announced that production would begin at the end of this year, according to Angolan news agency Angop.
At the presentation, António Orfão said that the project would produce 5.2 million tons of LNG per year, as well as providing butane gas for domestic consumption, making the country self-sufficient for butane, as well as 125 million cubic feet of natural gas per day for power production.
Orfão also noted that the project would make it possible to further develop deepwater oil blocks 14, 15, 17, 18 and other blocks in the future, via integrated solutions that prevent gas being burned off and promoting environmental protection and compliance with oil legislation.
“By providing a commercially attractive alternative to burning off associated gas, this project places Angola at the forefront of countries that take real and effective action to reduce greenhouse gases,” Orfão said.
The Angola LNG project, which is located in Soyo in Cabinda province, is due to start producing liquid natural gas at the end of the fourth quarter of 2012.
Angola LNG is a consortium of Sonangol, which owns 22.8 percent of the project and the Angolan subsidiaries of Chevron (36.4 percent), Total (13.6 percent), BP (13.6 percent) and ENI (13.6 percent). (macauhub)