Angola LNG to ship cargo soon, Chevron CEO says

First liquefied natural gas cargo after a two-year shutdown could be shipped within a few weeks from the $10 billion Angola LNG project, Chevron’s CEO John Watson said on Tuesday.

Watson said this at Chevron’s Security Analyst Meeting in New York just after the company announced it is planning more spending cuts to preserve cash in a low oil price environment.

Jay Johnson, Executive VP, Upstream at Chevron said the repairs and design improvements at the company’s LNG plant are complete, with final commissioning ongoing.

The Angola 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.

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.

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

LNG World News Staff