The Angola Liquefied Natural Gas (LNG) project, one of the largest energy projects in Africa, shipped its 400th cargo of LNG this month. Coinciding with the 10th anniversary of the 5.2 million ton per annum project’s first cargo delivery in 2013, this significant milestone demonstrates the project’s reliability as a competitive supplier of LNG to the global market.
Angola LNG’s momentous cargo was loaded onto a 160,000 cubic meter LNG carrier, berthed at the country’s Soyo terminal on 13 June.
According to a spokesperson for the project, “Angola LNG is recognized worldwide for its reliability and professionalism. Its strong reputation is a product of the hard work and determination of those involved. We celebrate the loading of our 400th LNG cargo and 10thanniversary of shipping our first cargo. Throughout this period, we have stayed committed to a culture of safety and teamwork and we are proud of our reputation as a valuable community partner and a role model for sustainable development in Angola.”
The Port of Soyo’s strategic location at the mouth of the Congo River and on Angola’s Atlantic coastline has enabled the southern African country to conveniently export LNG to global markets, with Angola LNG having shipped cargoes to over 30 countries worldwide.
India serves as the company’s most important market, with approximately 60% of Angola LNG cargo having been shipped to the subcontinent, while Europe has become an increasingly important market for much of 2022 following the continent’s ongoing energy crisis.
At $12 billion, the Angola LNG project is one of the largest single investments in the Angolan oil and gas industry. The project is owned in partnership by oil and gas supermajors, Chevron (36.4%), Eni (13.6%), TotalEnergies (13.6%), and bp (13.6%), while Angola’s National Oil Company, Sonangol, controls the remaining 22.8%.
Source: Energy Capital & Power