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Tue, 07 Jun 2016 10:26 - Updated Tue, 07 Jun 2016 10:26

Angola LNG resumes shipments after interruption

Luanda - Angola LNG (ALNG) Monday in Luanda confirmed it has resumed production in its Soyo natural gas liquefying plant in northern Zaire province, after an interruption due to technical failure.

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Oil, gas production set to improve

ALNG’s first liquefied natural gas shipment after interruption was concluded in Soyo and will be traded through  international bidding.

According to a press release that reached Angop on Monday, production is in progress and ALNG will be making new LNG and Liquefied Petroleum Gas (LPG) shipments as part of the plant’s re-start tests.

The formal delivery of the plant by the contractor,  Bechtel, and its commercial exploration will proceed as planned, it was said.

According to the press release, ALNG Marketing chairman, Artur Pereira, said the company is pleased with the resumption of production.

"The market changed a lot while our unit stopped, but we are happy as we are managing to deliver LNG from Angola throughout the world and assume our position as a trustable and safe supplier in the LNG world market,” he stressed.

The source added that future LNG shipments will be traded at global level, through various processes of sale, including international bidding.

 Angola is the second largest oil producer in sub-Saharan Africa.

The Angola LNG contributes to the development of the Angolan oil and gas industry and the reduction of greenhouse gas emissions, while creating a new source of clean energy.

The Angola LNG is meant to contribute to the elimination of gas flaring, provide clean and reliable energy to customers and enhance economic benefits to the country, local communities and shareholders.

The Angola LNG Project will extract, process and sell about 5.2 million tons of LNG per year, in addition to natural gas and liquids for domestic use, from its Soyo plant, in northern Angola.

The Angola LNG production came to a halt in 2014, following an incident that required repairs and modifications made by Bechtel.

The Angola LNG recently announced the signing of an agreement to sell LNG to EDF Trading. ALNG shareholders are local oil company Sonangol (22.8% percent), US Chevron (36,4%), BP (13,6%), Italian ENI (13,6%) and French Total (13,6%).

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