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.

Events>

<< Apr 2015 >>
MTWTFSS
30 31 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 1 2 3

Understanding Terminals and Terminal Operations: A Critical Link in the LNG Chain

With the boom in construction of LNG plant across the world, companies need to understand how an LNG terminal is operated…

read more >

Fundamentals of LNG

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

read more >

2015 China Oil and Gas Infrastructure, Logistics and Distribution Conference

2015 China Oil and Gas Infrastructure, Logistics and Distribution Conference (COGILD 2015 ) will provide a top-level overview and detailed insight into the operating environment of the energy infrastructure construction industry in China. It is an essential forum for investors, engineering, procurement and construction contractors, designers, equipment providers and other decision makers involved in energy project investment.

More Info

read more >

5th Colombia Oil & Gas Conference & Exhibition 2015

The Colombia Oil & Gas Conference is the must attend platform for all existing and potential stakeholders wanting to discover new…

read more >