Chevron CEO: Angola to ship LNG cargo in 2nd quarter

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The Chevron-operated $10 billion Angola LNG project is expected to ship its first cargo of chilled gas in the second quarter of this year after starting recommissioning process.

The LNG export plant, which sent its first cargo of liquefied natural gas in June of 2013, was shut down in April 2014 after a major rupture on a flare line.

We’re seeing progress on Angola LNG as recommissioning is underway. We expect to introduce gas to the plant later this quarter and have first LNG cargo in the second quarter,”  John Watson, CEO of Chevron told analysts on Friday speaking on the company’s fourth-quarter results.

Angola LNG is a joint venture between Sonangol (22.8%), Chevron (36.4%), BP (13.6%), Eni (13.6%), and Total (13.6%).

The LNG plant, located in Soyo, is a single-train facility able to produce 5.2 million tonnes per year. Angola LNG also has a dedicated fleet of seven LNG tankers.

Source: LNG World News