Angola plans to export 5.2 million tons of liquid natural gas per year

25 July 2013

Angola LNG Marketing expects to export 5.2 million tons of liquid natural gas (LNG) per year through 70 shipments, the company said in a statement issued Wednesday in Soyo, Angola.

As well as LNG, the company, which provides the commercial operations of the Angola LNG project, will also have gases such as propane and condensates in its portfolio of products.

The statement said that Angola LNG had already signed several agreements for the sale of liquid natural gas to energy companies across the world, and is negotiating other contracts.

The first shipment of 160,000 cubic metres of LNG to Brazil has already been delivered to the Petrobras regasification terminal in Guanabara Bay, Rio de Janeiro, after leaving Soyo, in Angola’s Zaire province, last June aboard the Sonangol Sambizanga tanker ship.

The Angola LNG project 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) and processes natural gas for later sale.

It is also one of the biggest investments ever made in the Angolan oil and gas industry – US$10 billion – and has seven tanker ships and three loading docks. The project is intended to prevent natural gas burn-off at Angola’s oil fields and provide clean and reliable energy to customers and capitalise on the investment made in the project. (macauhub)