Angola LNG due to send fourth shipment of liquid natural gas this week

24 September 2013

The fourth shipment of liquid natural gas (LNG) produced by Angola LNG is due to take place this week ahead of an expected two-month stoppage due to begin on 29th September, according to company sources cited by financial news agency Reuters.

The stoppage to carry out maintenance work after small gas leaks were discovered has been delayed several times after initially being scheduled for 13 September, in order to provide more time for the project’s performance to be evaluated.

The factory, which required investment of US$10 billion, had to reach 75 percent of its production capacity before maintenance began but is now operating at just 50 percent capacity, according to the sources.

The factory has so far exported three LNG shipments to Brazil, China and Japan.

US company Chevron operates the project and has a 36.4 percent stake in it, whilst Angolan state company Sonangol owns 22.8 percent, and Total, BP and ENU each own 13.6 percent. (macauhub)