From The National

After a long and frustrating wait, full operation at Angola LNG, a US$10 billion natural gas processing facility in Africa, is finally up and running.Production of liquefied natural gas (LNG) has safely commenced and the plant shipped its first cargo on June 16 after 18 months of delays.

Petroleo Brasileiro, or Petrobras, Brazil’s importer of liquefied natural gas, is preparing to receive Angola’s first spot cargo, ship-tracking data show.

“Angola LNG is entering the market at an exciting time,” says Artur Pereira, the chief executive of Angola LNG Marketing. “The world LNG market is expected to remain tight over the coming years, with very limited new LNG capacity coming on-stream. We are delighted to be producing and shipping our first LNG cargo.”

LNG Marketing, based in London, says a “large number” of sales have been agreed worldwide and others are in the negotiation stages.

The SS Sonangol Sambizanga, operated by Angola LNG and with a capacity of about 161,000 cubic metres, is now off the coast of Rio de Janeiro, according to transmissions captured by IHS Fairplay on Bloomberg. It is scheduled to dock July 14.

Read more at thenational.ae