Soyo, Angola — 26 July 2013 – Angola LNG Marketing expects to export 5.2Mtpa of liquid natural gas (LNG) through a total of 70 shipments during the course of each year.

Confirming this in a statement issued here, the company “’ which provides the commercial operations of the Angola LNG project “’ will also have gases such as propane and condensates in its portfolio of products, reports Macauhub News Agency.

It added that Angola LNG had already signed several agreements for the sale of liquid natural gas to energy companies across the world, and is negotiating other contracts.

The first shipment of 160,000 cubic metres of LNG to Brazil has already been delivered to the Petrobras re-gasification terminal in Guanabara Bay, Rio de Janeiro, after leaving Soyo, in Angola’s Zaire province, last June aboard the Sonangol Sambizanga tanker ship.

The Angola LNG project is a consortium of Sonangol, which owns 22.8% of the project and the Angolan subsidiaries of Chevron (36.4%), Total (13.6%), BP (13.6%) and ENI (13.6%), and processes natural gas for later sale.

The project is also one of the biggest investments ever made in the Angolan oil and gas industry – US$10 billion – and has seven tanker ships and three loading docks. It is intended to prevent natural gas burn-off at Angola’s oil fields, to provide clean and reliable energy to customers and to capitalise on the investment made in the project.

Source: Macauhub News Agency. For more information, click here.