Chevron сonfirms first cargo from Angola LNG
Chevron Corporation's subsidiary Cabinda Gulf Oil Company Limited today confirmed that initial production of liquefied natural gas (LNG) has commenced at the Angola LNG project. Angola LNG is one of the largest energy projects on the African continent, said in the company's press release.
"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 Corporation. "This project will commercialize natural gas resources in western Africa to meet growing demand in the region and internationally."
The $10 billion project will collect and transport natural gas from offshore Angola to an onshore liquefaction plant on the coast near the Congo River. The project has the capacity to produce 5.2 million metric tons per year of LNG, 63,000 barrels per day of natural gas liquids for export and 125 million cubic feet per day of natural gas for domestic consumption.
"The project represents the first LNG project in Angola, and it is expected to contribute to the development of Angola's natural gas industry," said Ali Moshiri, president of Chevron Africa and Latin America Exploration and Production Company.
Angola LNG plans to use associated natural gas produced from existing crude oil operations operated by Chevron and other partners as well as new non-associated gas from other offshore fields. The project is expected to reduce natural gas flaring and greenhouse gas emissions from offshore producing areas, and support continued offshore oil field development.
Chevron's subsidiary, Cabinda Gulf Oil Company Limited, has a 36.4 percent interest in the joint-venture, along with Sonangol with a 22.8 percent interest and subsidiaries of Total, BP and ENI, each with a 13.6 percent interest.
Chevron is one of the world's leading integrated energy companies, with subsidiaries that conduct business worldwide. The company's success is driven by the ingenuity and commitment of its employees and their application of the most innovative technologies in the world. Chevron is involved in virtually every facet of the energy industry. The company explores for, produces and transports crude oil and natural gas; refines, markets and distributes transportation fuels and other energy products; manufactures and sells petrochemical products; generates power and produces geothermal energy; provides energy efficiency solutions; and develops the energy resources of the future, including biofuels. Chevron is based in San Ramon, Calif.
