Angola LNG Ships First Cargo

Angola LNG Ships First Cargo

Angola LNG, the Soyo-based facility built to create value from Angola’s offshore gas resources, confirmed that production of liquefied natural gas (LNG) has safely commenced at the Angola LNG plant in Soyo and that its first cargo has been shipped on Sunday. This marks the first new LNG supply to come on-stream since 2010, and provides a new source to meet the increasing global demand for LNG.

The first cargo was sold to Angola’s state oil & gas company Sonangol and is currently being shipped to Brazil by the SS Sonangol Sambizanga, one of seven 160,000 m3 LNG vessels that are under long-term charter to the Angola LNG project.

Commenting on the first cargo Artur Pereira, CEO, Angola LNG Marketing said: “Angola LNG is entering the market at an exciting time. The world LNG market is expected to remain tight over the coming years, with very limited new LNG capacity coming on-stream. We are delighted to be producing and shipping our first LNG cargo.”

A large number of master LNG sale and purchase agreements have been executed with energy companies across the world, providing Angola LNG with a robust and diverse portfolio of customers. Further agreements are currently being negotiated.

Today’s announcement marks a milestone in the continued development of Angola’s oil and gas resources. As the largest single investment in the Angolan oil and gas industry the project is set to play a key part in the financial prosperity of Angola.

“Angola LNG’s vision is to be a reliable and competitive supplier, a strong community partner, and a role model for the economic development of Angola.” added António órfão, Chairman, Angola LNG Ltd. “The project provides a solution to minimise flaring and environmental pollution by gathering associated gas from Angola’s offshore oil fields to provide clean and reliable energy to our customers and a return on investment for our shareholders.”

Angola LNG is a partnership between Sonangol, Chevron, BP, ENI and Total that will gather and process gas to produce and deliver LNG and NGLs. The project has an expected life of at least 30 years.

LNG World News Staff, June 17, 2013; Image: Angola LNG

Share this article

Follow LNG World News

One thought on “Angola LNG Ships First Cargo”

Comments are closed.


<< Oct 2015 >>
28 29 30 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31 1

LNG Markets, Supply and Pricing

This course provides a detailed outlook of the current state of the LNG industry, the latest market developments, current and future sources of supply and the different pricing mechanisms.

read more >

Fundamentals of LNG

Operational and commercial essentials of the Liquefied Natural Gas sector from IBC Academy…

read more >

North American Gas Forum

The North American Gas Forum provides the opportunity to engage with high-level industry participants, regulators, policy makers and senior government representatives.

read more >

LNG Fuel Forum 2015

Analysing the pricing, infrastructure and operational viability of LNG as a marine fuel.

read more >