Angola forms consortium with five oil firms for $2B LNG project
Angola has formed a consortium with five international oil companies including Eni and Chevron to develop liquefied natural gas (LNG) for its Soyo plant, the newly formed national oil, gas and biofuels agency ANGP said.
The consortium’s project will have an initial cost of $2 billion, with an aim to start production by 2022, an ANGP spokesman said on the sidelines of the Africa Oil Week conference in Cape Town.
Italy’s Eni will operate the project, and the members will share costs according to participation.
Chevron will take a 31% stake, Eni 25.6%, Sonangol P&P 19.8%, Total 11.8% and BP 11.8%.
The Soyo LNG plant is designed to process 1.1 billion cubic feet of natural gas per day and has the capacity to produce 5.2 million tons of LNG per year, as well as natural gas, propane, butane and condensate.
Reporting by Libby George; Editing by Dale Hudson
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GasPro 2.0: A Webcast Symposium
Following on the heels of the highly successful GasPro 2.0 Webcast Symposium in October 2018, the second GasPro Webcast Symposium 2.0 will take place on October 24, 2019.
The 2019 web event will gather experts in the fields of LNG, gas processing, and gas transport/distribution to share their operations expertise, engineering and design solutions, and technology advances and trends with our audience.
Attendees will learn about technology and operational solutions and deployments in a number of areas: plant design and expansion, construction, NGL production, optimization, sulfur removal, marine operations and separation technology.
October 24, 2019 08:30 AM CDT