Angola LNG sells first shipment of propane, butane and condensates

30 January 2014

The first shipment of liquid petroleum gas (propane, butane and condensates) has been sold by Angola LNG to Sociedade Nacional de Combustíveis de Angola (Sonangol) from its sea terminal in Soyo, the company said in a statement.

The chairman of Angola LNG Marketing, Artur Pereira, said that the announcement of the sale of the first shipment was another step in making use of oil and gas resources in Angola and was a new source of energy for both domestic and export markets.

“Complementing the production of natural gas for the international market, production of propane, butane and condensates by Angola LNG is an important part of our operational and commercial business,” said Pereira.

As well as facilities for production and export of natural gas at the Soyo factory Angola LNG also has tanks to store 88,000 cubic metres of propane, 59,000 cubic metres of butane and 108,000 cubic metres of condensates, a dedicated sea terminal for shipping these products and another terminal for pressurised butane cargo to supply the domestic market.

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)