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
GasPro 2.0: A Webcast Symposium
Following the successful GasPro Webcast Symposium in October 2019, the third GasPro Webcast Symposium will take place on October 21, 2020.
The 2019 webcast drew attendees from around the world, with more than 80% of the audience working in company management or engineering divisions.
The 2020 web event will gather experts in the fields of LNG, gas processing and process safety to share market, operations and engineering technology and trends with our audience.
Attendees of the 2020 webcast will learn about market solutions and technology deployments in a number of areas: LNG delivery infrastructure, small-scale desulfurization for NGL, H2S removal for gas treating, process safety for safety instrumented systems, small-scale LNG project design, and advances in freeze component removal for LNG.
October 21, 2020 08:30 AM CDT