From Seeking Alpha
BP (BP), a partner in the Angola LNG development, plans to invest $15 billion in Angola over the next decade. The LNG plant should be one of its biggest start-ups worldwide this year.
Angola LNG’s operation is located in Soyo, 195 miles north of Luanda in Zaire Province, Angola. The project is a joint-venture consisting of Sonangol (the state oil company of Angola) at 22.8% and affiliates of Chevron (CVX) with 36.4%, Total (TOT) at 13.6%, BP at 13.6% and Enersis (ENI) with 13.6%.
The project is an integrated gas utilization project with offshore and onshore operations to monetize gas resources from blocks located offshore of Angola. It has a one-train plant of nominal 5.2 million tonnes per year of LNG production capacity and includes production of NGL (natural gas liquids) and condensate.
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