Angola has announced it has started producing and exporting liquefied natural gas (LNG), with its first cargo leaving for Brazil.
"Angola LNG is entering the market at an exciting time," said Artur Pereira, the spokesman for Angola 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 160,000m3 LNG vessels that are under long-term charter to the Angola LNG project.
"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," Pereira said in a statement.
Angola LNG said it plans to produce 5.2 million tonnes of LNG a year from its Soyo plant.
"First gas at Angola LNG is an important milestone in support of our strategic plan to grow our production," said George Kirkland, vice chairman of Chevron, the world's third-largest energy company by market value. "This project will commercialize natural gas resources in western Africa to meet growing demand in the region and internationally."
The company is a joint venture between Sonangol, Chevron, BP, ENI and Total. The project has an expected life span of at least 30 years.
"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."
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