The Angola LNG company has resumed production of liquefied natural gas after a “controlled stoppage” that started last December, reported the international trade press, citing a company spokesman.
Angola LNG, a partnership led by US group Chevron whose facilities in Soyo were built by US company Bechtel, has had a number of scheduled and unscheduled stoppages since it resumed exports in June 2016, after a stoppage of two years for major repairs.
Launched in 2007 to take advantage of the natural gas resulting from oil exploration, the project brings together, in addition to Chevron (36.4%), Angola’s Sonangol (22.8%), BP Exploration (13.6%), Italy’s ENI (13.6%) and France’s Total (13.6%).
It is also one of the largest investments ever made in the Angolan oil industry – US$10 billion – featuring seven tankers and three loading bays and is intended to eliminate the burning of natural gas released as part of oil exploration. (macauhub)