Production of natural gas in Angola is currently at 20 percent of its installed capacity and is only expected to be fully operational at the end of 2014, a senior official at Angolan state oil company Sonangol said in Luanda.
On the sidelines of the Angola Industrial Forum, Paulo Fernandes said that the fifth shipment of liquid natural gas (LNG) would be prepared before production was suspended for maintenance of the facilities, in Soyo, northern Angola.
Fernandes added that just two blocks, block 17, explored by French company Total, and block 31, by BP, where sending gas to the Soyo processing unit.
The problems experienced once the project was launched, which required a number of delays to the first shipment, which only left Angola for Brazil in June of this year, mean that the factory will “likely” only be fully operational at the end of 2014.
The Angola LNG project was launched in 2007 to make use of natural gas produced during oil production rather than burning it off. Its partners are Chevron (36.4 percent), Sonangol (22.8 percent), BP Exploration (13.6 percent), ENI (13.6 percent) and Total (13.6 percent) and represents an investment of US$10 billion for a life cycle of 30 years. (macauhub)