Angola LNG company returns to production in June 2016

Angola LNG, the company that exports natural gas from Angola after liquification, is due to return to production next June, the Angolan Oil Minister Botelho de Vasconcelos said in Beijing Tuesday.

The minister, who is in Beijing at the invitation of the  Chinese People’s Association for Friendship with Foreign Countries, recalled that natural gas processing was suspended in April 2014 due to a gas pipeline failure.

For a week the Oil Minister and his delegation will be informed about China’s oil industry, particularly onshore and shallow water exploration.

In June 2015 Angola LNG announced that natural gas exports would only begin again in the first quarter of 2016 and that gas processing would begin in the fourth quarter of 2015.

Angola LNG also said it would extract, process and sell 5.2 million tons of liquid natural gas (LNG) per year, as well as propane, butane and condensates, at its plant in Soyo, Zaire province. According to the minister the plant is “one of the most modern processing units in the world.”

The company’s partners are US oil company Chevron (36.4 percent), Angolan state oil company Sonangol (22.8 percent), BP Exploration, Italy’s ENI and France’s Total, with 13.6 percent each.

source: macauhub

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