Angola LNG is the result of a partnership between Sonangol, Chevron, TotalEnergies, Azule Energy Angola Production B.V. and Azule Energy Exploration (Angola) Ltd (formerly Eni Production Angola B.V. and bp Exploration Angola Ltd), to gather and process gas and deliver up to 5.2 million tons of Liquefied Natural Gas (LNG) per year to the global market via up to 80 cargoes per year using its dedicated fleet of 7 vessels.
Angola LNG also produces propane, butane and condensate which is sold to affiliates of the Shareholders.
Angola LNG supplies natural gas to the Angolan market to help meet local industrial and energy needs.
One of the main drivers that led to the creation of Angola LNG was the opportunity to eliminate the flaring of associated gas, allowing for the development of offshore oil reserves in a more environmentally sustainable manner.
At $12bn, the Angola LNG project, built to create value from offshore gas resources, is one of the largest ever single investments in the Angolan oil and gas industry.
LNG enables gas to be transported safely, reliably and economically over long distances; connecting resources to markets, unlocking stranded gas reserves and helping generate cleaner, low carbon power for industry and homes. Now, it is also linking national, regional and international markets and contributing to the growth of a truly global gas market.
