Angola’s Liquefied Natural Gas Company (LNG) will resume production in July 2016 after being suspended since April 2014 due to a failure in one of the pipelines of the gas flaring system, Oil Minister, Botelho de Vasconcelos, said, All Africa reported.
In June 2015, Angola LNG announced that natural gas processing would begin in Q4 of 2015 and that natural gas exports would only begin again in Q1 of 2016, MacauHub reported.
Angola LNG also said it would extract, process and sell 5.2m tons of LNG per year, as well as propane, butane, and condensates, at its plant in Soyo, Zaire province. According to the minister, the plant is one of the most modern processing units in the world.
The company’s partners are US oil company, Chevron (36.4%), Angolan state oil company, Sonangol (22.8%), BP Exploration, Italy’s ENI and France’s Total, with 13.6% shares each.