Angola LNG exports to start in June

Exports: Angola LNG set to start shipping in June

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By News wires

 24 April 2012 21:09 GMT

Angola LNG is to start regular exports of LNG in late June after shipping tests next month and will target non-US buyers in Europe and Asia where prices are higher, oil minister Jose Botelho de Vasconcelos said on Tuesday.

De Vasconcelos also said plans by French oil major Total to cut output at its Girassol platform in June for works do not threaten the government's target to produce an average of 1.8 million barrels of crude per day this year, Reuters reported.

The 5.2-million-tonnes-per-annum Angola LNG project is led by Angola's state-owned oil company, Sonangol, which has a 22.8% stake and Chevron, which holds 36.4%. Eni, Total and BP each hold a 13.6% stake.

The plant, built in Soyo in northern Angola at an estimated cost of $10 billion, was initially set to start exporting in the first…

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