Angola LNG sells first shipments of condensates

9 April 2014

Angola LNG ahs sold its first shipment of condensates to Angolan state fuel company Sociedade Nacional de Combustíveis de Angola (Sonangol), the company said in a statement issued Tuesday.

“With this shipment, the company has sold almost all of the products it sells – liquid natural gas, liquid petroleum gas, domestic butane and condensates,” said the president of Angola LNG Marketing, Artur Pereira.

Condensates are low-density hydrocarbons which are liquid at ambient temperature.

The company, which in full production has capacity to supply 5.2 million tons of liquid natural gas (LNG) per year as well as butane, liquid petroleum gas (LPG) and condensates, in June 2013 sent its first shipment of LNG to Brazil’s Petrobras and in March 2014 sent its first shipment of butane to Sonangol.

Angola LNG’s shareholders are Chevron (36.4 percent), Sonangol (22.8 percent) and BP, ENI (Italy) and Total (France), with a 13.6 percent share each. (macauhub)