{"id":5063,"date":"2013-06-16T19:26:28","date_gmt":"2013-06-16T19:26:28","guid":{"rendered":"http:\/\/disnaija.com\/nigeria-news\/angola-begins-gas-export-to-brazil\/"},"modified":"2013-06-16T19:26:28","modified_gmt":"2013-06-16T19:26:28","slug":"angola-begins-gas-export-to-brazil","status":"publish","type":"post","link":"https:\/\/disnaija.com\/angola-begins-gas-export-to-brazil\/","title":{"rendered":"Angola begins gas export to Brazil"},"content":{"rendered":"
<\/div>\n
<\/div>\n

Angola announced Sunday it has started producing and exporting liquefied natural gas (LNG), with a first shipment departing from the northwestern Soyo fields to Brazil.<\/p>\n

“Angola LNG is entering the market at an exciting time,” said Artur Pereira, the spokesman for Angola LNG.<\/p>\n

Transaction details about the 160,000 m3 shipment were not revealed, but the company said purchase agreements with numerous energy companies across the world had been reached.<\/p>\n

“The world LNG market is expected to remain tight over the coming years, with very limited new LNG capacity coming on-stream. We are delighted to be producing and shipping our first LNG cargo,” Pereira said in a statement.<\/p>\n

Angola LNG said it plans to produce 5.2 million tonnes of LNG a year from the Soyo plant.<\/p>\n

The company is a joint venture between the state-owned oil and gas company Sonangol, Chevron, BP, ENI and Total. The project has an expected life span of at least 30 years.<\/p>\n

Chairman of Angola LNG Antonio Orfao said the country plans to become a “reliable and competitive supplier of gas” providing clean energy.<\/p>\n

The resource-rich Angola is also the second-largest oil producer in sub-Saharan Africa after Nigeria, but despite its wealth, two-thirds of the population live on under $ 2 a day, following a 27-year civil war which ended in 2002.<\/p>\n

Oil revenues have helped the country grow at nearly ten percent a year over the past decade.<\/p>\n

<\/img> <\/img> <\/img> <\/img> <\/div>\n

——————————————————————————————————————————————-
Posted in Nigeria News. <\/a>A DisNaija.Com<\/a> network.<\/p>\n

Source: PM News<\/p>\n

DisNaija.Com<\/b> publishes regular posts on Nigeria News,<\/a> Nigerian Newspapers,<\/a> Online Nigeria Gist.<\/a><\/p>\n

Follow us on Twitter<\/a> and Facebook<\/a>.<\/p>\n

<\/div>\n
<\/div>\n

Nigeria News<\/a>
\n
\nFollow @Dis_Naija<\/a>
\n